General Equilibrium with Increasing Returns
Author:   Antonio Villar
Publisher:   Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
Volume:   v. 438
ISBN:  

9783540611523


Pages:   177
Publication Date:   July 1996
Format:   Paperback
Availability:   Out of stock   Availability explained
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General Equilibrium with Increasing Returns


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Overview

This monograph provides a formal and systematic exposition of results on the existence and optimality of equilibria in economies with increasing returns to scale. An equilibrium scale is constructed first by means of a precise formalization of consumers and firms, and the proof of an abstract existence result. The analysis then shifts to the study of specific normative and positive models which are particularizations of the general one, and to the study of the efficiency of equilibrium allocations. The book provides a unified approach of the topic, maintains a relatively low mathematical complexity, and is highly self-contained.

Full Product Details

Author:   Antonio Villar
Publisher:   Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
Imprint:   Springer-Verlag Berlin and Heidelberg GmbH & Co. K
Volume:   v. 438
ISBN:  

9783540611523


ISBN 10:   3540611525
Pages:   177
Publication Date:   July 1996
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Paperback
Publisher's Status:   Active
Availability:   Out of stock   Availability explained
The supplier is temporarily out of stock of this item. It will be ordered for you on backorder and shipped when it becomes available.

Table of Contents

Contents: The Basic Model: Introduction.- Consumers.- Firms.- Equilibrium.- Marginal Pricing and the Efficiency Problem: Marginal Pricing.- Two-Part Marginal Pricing.- Efficiency.- Loss-Free Pricing Rules and Private Ownership Market Economies: Basic Results.- Constrained Profit Maximization.- Classical Equilibrium.

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