Competitive markets with externalities
This paper presents a general model of a competitive market with consumption externalities, and establishes the existence of equilibrium in the model, under assumptions comparable to those in classical models. The model allows production and indivisible goods. Examples illustrate the generality and...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Econometric Society
2006-06-01
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| Series: | Theoretical Economics |
| Subjects: | |
| Online Access: | http://econtheory.org/ojs/index.php/te/article/viewFile/20060143/610/19 |