Marginal pricing equilibrium with externalities in Riesz spaces
The purpose of this paper is to prove the existence of a marginal pricing economic equilibrium in presence of increasing returns and externalities in a commodity space general enough as to encompass the vast majority of economic situations. This extends the existing literature on competitive equilib...
| Autores: | , |
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| Tipo de recurso: | artículo |
| Fecha de publicación: | 2024 |
| País: | España |
| Institución: | Universidad Autónoma de Madrid |
| Repositorio: | Biblos-e Archivo. Repositorio Institucional de la UAM |
| Idioma: | inglés |
| OAI Identifier: | oai:repositorio.uam.es:10486/715613 |
| Acceso en línea: | http://hdl.handle.net/10486/715613 https://dx.doi.org/10.1007/s00199-023-01524-x |
| Access Level: | acceso abierto |
| Palabra clave: | Marginal pricing rule Non-competitive equilibrium Riesz space σ-Locally τ-Uniform properness or Properness condition Economía |
| Sumario: | The purpose of this paper is to prove the existence of a marginal pricing economic equilibrium in presence of increasing returns and externalities in a commodity space general enough as to encompass the vast majority of economic situations. This extends the existing literature on competitive equilibria in vector lattices by incorporating market failures, and it also generalises several non-competitive existence results to a larger class of commodity spaces. The key features are a suitable definition for the marginal pricing rule and an adaptation of the properness condition |
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