General Equilibrium with Increasing Returns:
This is a book on general equilibrium in which firms are allowed to exhibit increasing returns to scale (more precisely, in which the convexity of production sets is not assumed). As such, it provides a full fledged general equilibrium model and analyzes the chief questions concerning existence and...
Saved in:
| Main Author: | |
|---|---|
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Berlin, Heidelberg
Springer Berlin Heidelberg
1996
|
| Edition: | 1st ed. 1996 |
| Series: | Lecture Notes in Economics and Mathematical Systems
438 |
| Subjects: | |
| Online Access: | BTU01 Volltext |
| Summary: | This is a book on general equilibrium in which firms are allowed to exhibit increasing returns to scale (more precisely, in which the convexity of production sets is not assumed). As such, it provides a full fledged general equilibrium model and analyzes the chief questions concerning existence and optimality. Increasing returns is a topic which many economists find it to be simultaneously very imponant, very difficult and very discouraging. It is very important because it refers to a well established technological phenomenon which is essentially incompatible with the functioning of competitive markets. It is very difficult because the standard concepts and tools for the analysis fail (in particular, the supply mappings are not well defined). It is very discouraging because the available models do not seem to solve the basic questions: Normative models where nonconvex firms follow marginal pricing do not achieve efficient outcomes, and positive models cannot incorporate monopolistic competition as a way of defming the behavior of those firms with increasing returns to scale. I would like to think that this monograph will contribute to show that "the increasing returns question" is neither too difficult nor too discouraging. Concerning the difficulty, it will be shown that the analysis can be carried out with essentially the same tools as those applicable to the standard competitive model. As for the relevance of the results available, let me point out the following |
| Physical Description: | 1 Online-Ressource (XIII, 166 p. 16 illus) |
| ISBN: | 9783662004579 |
| DOI: | 10.1007/978-3-662-00457-9 |
Staff View
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Record in the Search Index
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| author | Villar, Antonio |
| author_facet | Villar, Antonio |
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| bvnumber | BV046871643 |
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| dewey-full | 330.1 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 330 - Economics |
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| dewey-sort | 3330.1 |
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| discipline | Mathematik Wirtschaftswissenschaften |
| discipline_str_mv | Mathematik Wirtschaftswissenschaften |
| doi_str_mv | 10.1007/978-3-662-00457-9 |
| edition | 1st ed. 1996 |
| format | Electronic eBook |
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| id | DE-604.BV046871643 |
| illustrated | Not Illustrated |
| index_date | 2024-07-03T15:15:36Z |
| indexdate | 2024-07-10T08:56:08Z |
| institution | BVB |
| isbn | 9783662004579 |
| language | English |
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| physical | 1 Online-Ressource (XIII, 166 p. 16 illus) |
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| publishDate | 1996 |
| publishDateSearch | 1996 |
| publishDateSort | 1996 |
| publisher | Springer Berlin Heidelberg |
| record_format | marc |
| series2 | Lecture Notes in Economics and Mathematical Systems |
| spelling | Villar, Antonio Verfasser aut General Equilibrium with Increasing Returns by Antonio Villar 1st ed. 1996 Berlin, Heidelberg Springer Berlin Heidelberg 1996 1 Online-Ressource (XIII, 166 p. 16 illus) txt rdacontent c rdamedia cr rdacarrier Lecture Notes in Economics and Mathematical Systems 438 This is a book on general equilibrium in which firms are allowed to exhibit increasing returns to scale (more precisely, in which the convexity of production sets is not assumed). As such, it provides a full fledged general equilibrium model and analyzes the chief questions concerning existence and optimality. Increasing returns is a topic which many economists find it to be simultaneously very imponant, very difficult and very discouraging. It is very important because it refers to a well established technological phenomenon which is essentially incompatible with the functioning of competitive markets. It is very difficult because the standard concepts and tools for the analysis fail (in particular, the supply mappings are not well defined). It is very discouraging because the available models do not seem to solve the basic questions: Normative models where nonconvex firms follow marginal pricing do not achieve efficient outcomes, and positive models cannot incorporate monopolistic competition as a way of defming the behavior of those firms with increasing returns to scale. I would like to think that this monograph will contribute to show that "the increasing returns question" is neither too difficult nor too discouraging. Concerning the difficulty, it will be shown that the analysis can be carried out with essentially the same tools as those applicable to the standard competitive model. As for the relevance of the results available, let me point out the following Economic Theory/Quantitative Economics/Mathematical Methods Economic theory Gleichgewichtsmodell (DE-588)4125214-7 gnd rswk-swf Preisbildung (DE-588)4047103-2 gnd rswk-swf Marktwirtschaft (DE-588)4037653-9 gnd rswk-swf Economies of scale (DE-588)4268533-3 gnd rswk-swf Allgemeines Gleichgewichtsmodell (DE-588)4210294-7 gnd rswk-swf Privateigentum (DE-588)4232761-1 gnd rswk-swf Economies of scale (DE-588)4268533-3 s Allgemeines Gleichgewichtsmodell (DE-588)4210294-7 s DE-604 Gleichgewichtsmodell (DE-588)4125214-7 s Marktwirtschaft (DE-588)4037653-9 s Privateigentum (DE-588)4232761-1 s Preisbildung (DE-588)4047103-2 s Erscheint auch als Druck-Ausgabe 9783662004586 Erscheint auch als Druck-Ausgabe 9783540611523 https://doi.org/10.1007/978-3-662-00457-9 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Villar, Antonio General Equilibrium with Increasing Returns Economic Theory/Quantitative Economics/Mathematical Methods Economic theory Gleichgewichtsmodell (DE-588)4125214-7 gnd Preisbildung (DE-588)4047103-2 gnd Marktwirtschaft (DE-588)4037653-9 gnd Economies of scale (DE-588)4268533-3 gnd Allgemeines Gleichgewichtsmodell (DE-588)4210294-7 gnd Privateigentum (DE-588)4232761-1 gnd |
| subject_GND | (DE-588)4125214-7 (DE-588)4047103-2 (DE-588)4037653-9 (DE-588)4268533-3 (DE-588)4210294-7 (DE-588)4232761-1 |
| title | General Equilibrium with Increasing Returns |
| title_auth | General Equilibrium with Increasing Returns |
| title_exact_search | General Equilibrium with Increasing Returns |
| title_exact_search_txtP | General Equilibrium with Increasing Returns |
| title_full | General Equilibrium with Increasing Returns by Antonio Villar |
| title_fullStr | General Equilibrium with Increasing Returns by Antonio Villar |
| title_full_unstemmed | General Equilibrium with Increasing Returns by Antonio Villar |
| title_short | General Equilibrium with Increasing Returns |
| title_sort | general equilibrium with increasing returns |
| topic | Economic Theory/Quantitative Economics/Mathematical Methods Economic theory Gleichgewichtsmodell (DE-588)4125214-7 gnd Preisbildung (DE-588)4047103-2 gnd Marktwirtschaft (DE-588)4037653-9 gnd Economies of scale (DE-588)4268533-3 gnd Allgemeines Gleichgewichtsmodell (DE-588)4210294-7 gnd Privateigentum (DE-588)4232761-1 gnd |
| topic_facet | Economic Theory/Quantitative Economics/Mathematical Methods Economic theory Gleichgewichtsmodell Preisbildung Marktwirtschaft Economies of scale Allgemeines Gleichgewichtsmodell Privateigentum |
| url | https://doi.org/10.1007/978-3-662-00457-9 |
| work_keys_str_mv | AT villarantonio generalequilibriumwithincreasingreturns |