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Production Economies

  • Antonio Villanacci
  • Laura Carosi
  • Pierluigi Benevieri
  • Andrea Battinelli
Chapter

Abstract

In this chapter, we introduce the possibility of production in the general equilibrium framework: another class of agents, firms 1, enters the model. We first briefly discuss the concept of firm and we introduce the definition of equilibrium in a production economy. Then, following exactly the same strategy used in the previous chapter, we show existence of equilibria and properties of regular economies.

Keywords

Utility Function General Equilibrium Production Economy Transformation Function Exchange Economy 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer Science+Business Media Dordrecht 2002

Authors and Affiliations

  • Antonio Villanacci
    • 1
  • Laura Carosi
    • 2
  • Pierluigi Benevieri
    • 1
  • Andrea Battinelli
    • 3
  1. 1.Università degli Studi di FirenzeItaly
  2. 2.Università degli Studi di PisaItaly
  3. 3.Università degli Studi di SienaItaly

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