Arbeitspapier
Prices and Pareto Optima
We provide necessary conditions for Pareto optimum in economies where tastes or technologies may be nonconvex, nonsmooth, and affected by externalities. Firms can pursue own objectives, much like the consumers. Infinite-dimensional commodity spaces are accommodated. Public goods and material balances are accounted for as special instances of linear restrictions.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Paper ; No. 2006:6
- Klassifikation
-
Wirtschaft
Mathematical Methods; Programming Models; Mathematical and Simulation Modeling: General
General Equilibrium and Disequilibrium: General
Welfare Economics: General
- Thema
-
first and second welfare theorem
weak and strong Pareto optimum
nonconvex tastes or technologies
public goods
externalities
local separation
subdifferentials
normal cones
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Flam, Sjur
Jourani, A.
- Ereignis
-
Veröffentlichung
- (wer)
-
Lund University, School of Economics and Management, Department of Economics
- (wo)
-
Lund
- (wann)
-
2006
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Flam, Sjur
- Jourani, A.
- Lund University, School of Economics and Management, Department of Economics
Entstanden
- 2006