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Full-Text Articles in Social and Behavioral Sciences
Competitive Equilibrium Without Transitivity, Monotonicity, Or Free Disposal, Ted Bergstrom
Competitive Equilibrium Without Transitivity, Monotonicity, Or Free Disposal, Ted Bergstrom
Ted C Bergstrom
This paper shows how to relax several of the standard assumptions used to prove the existence of competitive equilibrium. I thought it was more interesting than the referees did. Some of the ideas in this paper appear in my other papers on general equilibrium.
On Efficient Provision Of Social Overhead Goods, Ted Bergstrom
On Efficient Provision Of Social Overhead Goods, Ted Bergstrom
Ted C Bergstrom
This paper was my attempt to build a theory of "public factors of production" such as scientific knowledge and to see whether there is any way that Arrow-Debreu general equilibrium theory can cope with the nonconvexities that arise. I propose that the economy might be partitioned into provision of "social overhead goods" and ordinary goods in such a way that given the quantities of social overhead goods, the remaining activities satisfy the assumptions needed for the existence of competitive equilibrium. I proposed and examined a notion of "Lindahl-Hotelling equilibrium" in which individuals were assigned Lindahl prices for the social overhead …
A Cross-Sectional Analysis Of The Law Of Declining International Trade, A. Studenmund
A Cross-Sectional Analysis Of The Law Of Declining International Trade, A. Studenmund
A. H. Studenmund
No abstract provided.