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General Equilibrium Analysis Of Production And Increasing Returns

By: Japan) Suzuki Takashi (Meiji Gakuin Univ (Author)

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Ksh 24,750.00

Format: Hardback or Cased Book

ISBN-13: 9789812833310

Publisher: World Scientific Publishing Co Pte Ltd

Publication Date: Jun 8th, 2009

Weight: 646 grams

Dimension: 25.20 x 17.00 x 2.00 cms

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The scope of the general equilibrium theory has been limited to the Walrasian tradition. This work proves the existence of a competitive equilibrium with increasing returns coming from externalities in a dynamic economy and a monopolistically competitive equilibrium with technologies exhibiting increasing returns coming from a large set-up cost.

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