A Reformulation of the Marginal Productivity Theory of Distribution

DOI10.2307/1913467zbMath0569.90011OpenAlexW2055579109MaRDI QIDQ3686384

Joseph M. Ostroy

Publication date: 1984

Published in: Econometrica (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.2307/1913467

zbMATH Keywords

competitive equilibriumWalrasian equilibriumnonatomic continuum of agentsmarginal productivity theoryno- surplus allocationproductivity with respect to persons

Mathematics Subject Classification ID

General equilibrium theory (91B50)

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Monopolistic competition and non-neighboring-goods ⋮ The nonatomic assignment model ⋮ Growth and long-run stability ⋮ Perfect competition in the continuous assignment model ⋮ Approximate cores of games and economies with clubs. ⋮ Marginality and Myerson values ⋮ On the existence of Walrasian equilibrium in large-square economies

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