General Equilibrium Analysis of Production and Increasing Returns

ISBN-13: 9789812833310 / Angielski / Twarda / 2009 / 284 str.

Takashi Suzuki

Opis

The scope of the general equilibrium theory has been limited to the Walrasian tradition. This work proves the existence of a competitive equilibrium with increasing returns coming from externalities in a dynamic economy and a monopolistically competitive equilibrium with technologies exhibiting increasing returns coming from a large set-up cost.