Skip to main content

Théorie de l'équilibre et rendements croissants

Objective


The presence of increasing returns to scale in production sectors such as electricity, railways, etc, and the failure of the competitive mechanism in such an environment, are widely recognized.
Formulations have been provided of the second fundamental welfare theorem without convexity assumption on the production sets of firms, and the validity of the first welfare theorem has been investigated.
The existence of equilibria in economies with increasing returns has been studied. Previous work has been generalized by allowing, in particular, the preferences of the consumers to be nontransitive.

Funding Scheme

CSC - Cost-sharing contracts

Coordinator

UNIVERSITE CATHOLIQUE DE LOUVAIN
Address
Place De L'universite 1
Louvain-la-neuve
Belgium