Photo from wikipedia
Inspired by the work of population games, we establish the model of population production economies with external increasing returns and introduce the notion of competitive equilibria. We first prove the… Click to show full abstract
Inspired by the work of population games, we establish the model of population production economies with external increasing returns and introduce the notion of competitive equilibria. We first prove the existence of competitive equilibria under some regular assumptions. Furthermore, we assume that there exists the cooperative behavior of different populations. By proving the existence of transferable utility (TU) core, we analyze the benefit distributions of population production economies with external increasing returns.
Journal Title: Journal of the Operations Research Society of China
Year Published: 2021
Link to full text (if available)
Share on Social Media: Sign Up to like & get
recommendations!