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 |
| _version_ | 1828311967264145408 |
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| author | Mitsunori Noguchi William R. Zame |
| author_facet | Mitsunori Noguchi William R. Zame |
| author_sort | Mitsunori Noguchi |
| collection | DOAJ |
| description | 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 applicability of the results. |
| first_indexed | 2024-04-13T16:08:29Z |
| format | Article |
| id | doaj.art-c9635647945748a6a6bd48fd381b6b43 |
| institution | Directory Open Access Journal |
| issn | 1555-7561 |
| language | English |
| last_indexed | 2024-04-13T16:08:29Z |
| publishDate | 2006-06-01 |
| publisher | Econometric Society |
| record_format | Article |
| series | Theoretical Economics |
| spelling | doaj.art-c9635647945748a6a6bd48fd381b6b432022-12-22T02:40:20ZengEconometric SocietyTheoretical Economics1555-75612006-06-0112143166Competitive markets with externalitiesMitsunori NoguchiWilliam R. ZameThis 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 applicability of the results.econtheory.org/ojs/index.php/te/article/viewFile/20060143/610/19Competitive equilibriumexternalitiesdistributional economiesD5 |
| spellingShingle | Mitsunori Noguchi William R. Zame Competitive markets with externalities Theoretical Economics Competitive equilibrium externalities distributional economies D5 |
| title | Competitive markets with externalities |
| title_full | Competitive markets with externalities |
| title_fullStr | Competitive markets with externalities |
| title_full_unstemmed | Competitive markets with externalities |
| title_short | Competitive markets with externalities |
| title_sort | competitive markets with externalities |
| topic | Competitive equilibrium externalities distributional economies D5 |
| url | http://econtheory.org/ojs/index.php/te/article/viewFile/20060143/610/19 |
| work_keys_str_mv | AT mitsunorinoguchi competitivemarketswithexternalities AT williamrzame competitivemarketswithexternalities |