An index theorem for nonconvex production economies

A-Tier
Journal: Journal of Economic Theory
Year: 1992
Volume: 57
Issue: 1
Pages: 176-196

Score contribution per author:

4.022 = (α=2.01 / 1 authors) × 2.0x A-tier

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

Abstract

We consider a general equilibrium model in which the production sector may exhibit incresing returns to scale or more general types of nonconvexities. We assume that the firms follow general pricing rules. Under standard assumptions in this model, we establish an index formula, which generalizes similar results on exchange economies and on convex production economies. This formula allows us to deduce an equilibrium existence theorem and a uniqueness condition.

Technical Details

RePEc Handle
repec:eee:jetheo:v:57:y:1992:i:1:p:176-196
Journal Field
Theory
Author Count
1
Added to Database
2026-01-25