Core selection in economies with increasing returns and public goods

• Miguel Ginés ^[1]
  1. [1] Universitat d'Alacant

     Universitat d'Alacant

     Alicante, España

     
• Localización: Working papers = Documentos de trabajo: Serie AD, Nº. 4, 1997, págs. 1-24
• Idioma: inglés
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• Resumen

  • We consider economies with increasing returns and in which firms follow loss-free pricing rules. In the case of only one firm with an input distributive production set, we obtain an equilibrium which belongs to the Core of the economy and is, hence, a Pareto optimal allocation.