Competitive equilibria with quantity-taking producers and increasing returns to scale
type: Item
instance of: scholarly article
title: Competitive equilibria with quantity-taking producers and increasing returns to scale
zbMATH Open document ID: 0657.90018
DOI: 10.1016/0304-4068(88)90007-9
author: Pierre Dehez
author: Jacques H. Drèze
published in: Journal of Mathematical Economics
publication date: 1988-01-01T00:00:00Z
review text: This paper proposes a concept of competitive equilibrium at which producers are quantity-takers. The equilibrium is called `competitive' because it combines voluntary trading with a condition of minimality on output prices. When production sets are convex, the set of equilibria as defined here coincides with the set of standard competitive equilibria. Existence is proved without imposing a convexity assumption on either individual or aggregate production sets.
Mathematics Subject Classification ID: 91B50
Mathematics Subject Classification ID: 91B24
zbMATH DE Number: 4074763
zbMATH Keywords: increasing returns to scale
zbMATH Keywords: competitive equilibrium
zbMATH Keywords: quantity-takers
zbMATH Keywords: voluntary trading
MaRDI profile type: Publication
full work available at URL: 0304-4068(88)90007-9
OpenAlex ID: W2039069421
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Wikidata QID: Q126553540
description: scientific article; zbMATH DE number 4074763