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Article dans une revue Economic Theory Année : 2023

Marginal pricing equilibrium with externalities in Riesz spaces

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The purpose of this paper is to prove the existence of a marginal pricing economic equilibrium in presence of increasing returns and externalities in a commodity space general enough as to encompass the vast majority of economic situations. This extends the existing literature on competitive equilibria in vector lattices by incorporating market failures, and it also generalises several non-competitive existence results to a larger class of commodity spaces. The key features are a suitable definition for the marginal pricing rule and an adaptation of the properness condition.
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halshs-04214107, version 1 (21-09-2023)

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Jean-Marc Bonnisseau, Matías Fuentes. Marginal pricing equilibrium with externalities in Riesz spaces. Economic Theory, 2023, ⟨10.1007/s00199-023-01524-x⟩. ⟨halshs-04214107⟩
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