An index formula for production economies with externalities

B-Tier
Journal: Journal of Mathematical Economics
Year: 2008
Volume: 44
Issue: 12
Pages: 1385-1397

Score contribution per author:

2.011 = (α=2.01 / 1 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We prove that the degree of the equilibrium correspondence of an economy with increasing returns and external effects is equal to (-1)L-1 where L is the dimension of the space of goods. This allows us to infer existence, finiteness and uniqueness results.

Technical Details

RePEc Handle
repec:eee:mateco:v:44:y:2008:i:12:p:1385-1397
Journal Field
Theory
Author Count
1
Added to Database
2026-01-25