Title

On a General Existence Theorem for Marginal Cost Pricing Equilibria

Document Type

Discussion Paper

Publication Date

12-1-1984

CFDP Number

724

CFDP Pages

21

Abstract

We report a generalization of recent results on the existence of marginal cost pricing equilibria (MCPE) in economies with an increasing returns to scale industry. Our result makes no ad hoc assumptions which force the equilibrium to be on the efficiency frontier of the aggregate production possibility set. We also present an additional condition under which our MCPE are productivity efficient in the aggregate.

This document is currently not available here.

Share

COinS