THE POSITIVE THEORY OF PRODUCTION EXTERNALITIES UNDER PERFECT COMPETITION

被引:4
|
作者
MARKUSEN, JR [1 ]
SCHWEINBERGER, AG [1 ]
机构
[1] AUSTRALIAN NATL UNIV, CANBERRA, ACT 2601, AUSTRALIA
关键词
D O I
10.1016/0022-1996(90)90064-S
中图分类号
F [经济];
学科分类号
02 ;
摘要
Aggregate cost and factor demand functions are used to develop a local envelope function which is applied in a general equilibrium model with production externalities to shed new light on the relationship between the true economy marginal costs and outputs. This relationship induces a structure to the relationship between actual prices and outputs by means of the assumption of no factor demand reversals associated with externality effects. We also provide generalisations of the Stolper-Samuelson and Rybczynski theorems highlighting the role of the externality effects. © 1990.
引用
收藏
页码:69 / 91
页数:23
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