In this paper we eliminate the free disposal assumption in a general equilibrium model in which the production sector may exhibit increasing returns to scale or more general types of nonconvexities and where the firms follow general pricing rules. Under standard assumptions in this framework, we state this existence of an equilibrium generalizing the classical results on this model.
机构:
UNIV PARIS 01,ECOLE POLYTECH,CERMSEM,LAB ECONOMETRIE,F-75634 PARIS 13,FRANCEUNIV PARIS 01,ECOLE POLYTECH,CERMSEM,LAB ECONOMETRIE,F-75634 PARIS 13,FRANCE