Existence of competitive equilibrium in coalition production economies with a continuum of agents
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DOI: 10.1007/s00182-016-0563-5
Abstract: Aumann (Econometrica 34: 1–17, 1966) established the existence of competitive equilibria in exchange economies with a continuum of traders. This result has been extended to special production economies under the condition that the production sets… read more here.
Keywords: economies continuum; production; production economies; competitive equilibrium ... See more keywords
Competitive Equilibria and Benefit Distributions of Population Production Economies with External Increasing Returns
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DOI: 10.1007/s40305-021-00340-1
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… read more here.
Keywords: increasing returns; population; economies external; population production ... See more keywords