1. Equilibrium with quantity targets
- Author
-
Jean-Marc Bonnisseau, CEntre de Recherche en Mathématiques, Statistique et Économie Mathématique (CERMSEM), Université Paris 1 Panthéon-Sorbonne (UP1)-Centre National de la Recherche Scientifique (CNRS), Center of Operation Research and Econometrics [Louvain] (CORE), and Université Catholique de Louvain = Catholic University of Louvain (UCL)
- Subjects
Economic equilibrium ,Returns to scale ,Applied Mathematics ,010102 general mathematics ,05 social sciences ,Existence theorem ,increasing returns ,State (functional analysis) ,general pricing rules ,01 natural sciences ,Equilibrium selection ,0502 economics and business ,Production model ,[MATH.MATH-OC]Mathematics [math]/Optimization and Control [math.OC] ,0101 mathematics ,Mathematical economics ,Analysis ,050205 econometrics ,Mathematics - Abstract
The purpose of this paper is to study a new concept of equilibrium, called equilibrium with quantity targets, in an economy with increasing returns to scale. This concept is introduced by E. Dierker and W. Neuefeind (J. Math. Econom. 17 (1988)). We extend this definition to the case of a general production model and we provide an existence theorem. Furthermore we state an existence result in the particular model considered by Dierker and Neuefeind which improves their result.
- Published
- 1990
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