Equilibrium and Efficiency in Production Economies (Lecture Notes in Economics and Mathematical Systems)

Equilibrium and Efficiency in Production Economies (Lecture Notes in Economics and Mathematical Systems)

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Book Description
This book deals with the analysis of production economies in which firms may exhibit increasing returns to scale, or other forms of non-convexities. The study focuses on the existence and efficiency of equilibrium allocations, and the comparison with the standard competitive equilibrium model. A number of alternative pricing rules and equilibrium concepts are considered (marginal pricing, constrained profit maximization, mark-up pricing, valuation equilibria, non-linear input-output models, etc.).

Book Info
Deals with the analysis of production economies in which firms may exhibit increasing returns to scale, or other forms of non-convexities. Focuses on the existance and efficiency of equilibrium allocations, and the comparison with the standard competitive equilibrium model.

Equilibrium and Efficiency in Production Economies (Lecture Notes in Economics and Mathematical Systems),Antonio Villar,Springer-Verlag Telos,3540663967,Business & Economics,Business / Economics / Finance,Business/Economics,Economic Theory,Economics - General,Economics - Macroeconomics,Economics - Microeconomics,Economics - Theory,Economies of scale,Equilibrium (Economics),Mathematical Models In Economics,Mathematical models

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