Market Failures and Equilibria in Banach Lattices: New Tangent and Normal Cones
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DOI: 10.1007/s10957-019-01593-w
Abstract: In this paper, we consider an economy with infinitely many commodities and market failures such as increasing returns to scale and external effects or other regarding preferences. The commodity space is a Banach lattice possibly… read more here.
Keywords: marginal pricing; banach; market failures; new tangent ... See more keywords