General Competitive AnalysisElsevier Science, 31. 12. 1983 - Počet stran: 468 |
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agents analysis assume assumption bounded budget constraint certainly Chapter coalition commodity compact compensated equilibrium competitive equilibrium components consider consumption vectors continuous function convex combination convex hull convex set Corollary correspondence defined definition demand functions discussion economy elements equi equilibrium price excess demand excess supply excess-demand functions factor feasible finite firm follows given globally stable Hence Hicksian hold household h implies inequality initial endowment inputs Jacobian labor Lemma limit point mapping matrix monopolistic non-convexity non-negative numeraire output P₁ Pareto efficient positive postulate preference ordering price vector production allocation production possibility sets production vector profit maximization Proof resource related returns to scale S₁ satisfies Section semi-continuous sequence set of prices simplex stability strictly subset Suppose theorem theory tion Un(x Un(xn unique equilibrium utility allocation utility function y₁ zero