Regular production economies

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22 Scopus citations

Abstract

In this paper we extend the concept of regularity developed by Mas-Colell and Kehoe for constant-returns production economies to economies with primary and intermediate goods. To do so, we must deal with consumer demand functions that satisfy boundary conditions more general than any considered previously. We initially specify the production technology as a linear activity analysis model that allows free disposal of all commodities. Later, we indicate how our results can be extended to economies with more general production technologies.

Original languageEnglish (US)
Pages (from-to)147-176
Number of pages30
JournalJournal of Mathematical Economics
Volume10
Issue number2-3
DOIs
StatePublished - Sep 1982

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