Abstract: This work is concerned in the existence problem of equilibria for economies with increasing returns to scale. The consequences of relaxing the free disposal assumption are investigated. It is shown that the free disposal assumption cannot be dropped, not even be relaxed to the assumption of free elimination, without risking that equilibria may fail to exist.
Publication Year: 2006
Publication Date: 2006-03-04
Language: en
Type: article
Indexed In: ['crossref']
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Cited By Count: 4
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