A remark on Clarke's normal cone and the marginal cost pricing rule

DOI10.1016/0304-4068(88)90013-4zbMath0661.90007OpenAlexW2052840464MaRDI QIDQ5903837

Elyès Jouini

Publication date: 1988

Published in: Journal of Mathematical Economics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0304-4068(88)90013-4

zbMATH Keywords

marginal cost pricing rulenegative polar cone

Mathematics Subject Classification ID

Production theory, theory of the firm (91B38) Microeconomic theory (price theory and economic markets) (91B24) General equilibrium theory (91B50) Other problems of combinatorial convexity (52A37) Polytopes and polyhedra (52Bxx)

Related Items (7)

The Dubovickij-Miljutin lemma and characterizations of optimal allocations in non-smooth economies ⋮ Efficient sets are small ⋮ La théorie mathématique de l'équilibre économique: Extension du modèle de Arrow-Debreu au cadre non convexe. (The mathematical theory of economic equilibrium: Extension of the Arrow-Debreu model to a nonconvex framework) ⋮ Existence of equilibria with a tight marginal pricing rule ⋮ The marginal pricing rule revisited ⋮ An index theorem for nonconvex production economies ⋮ Functions with constant generalized gradients

Cites Work

• Unnamed Item
• Existence of equilibria when firms follow bounded losses pricing rules
• Optimization and nonsmooth analysis
• Generalized Gradients and Applications
• Regularity properties of open tangent cones

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