IDEAS home Printed from https://ideas.repec.org/p/yor/yorken/10-12.html
   My bibliography  Save this paper

A Geometric Separation of the Economic Activities of the Agents: The Leading Example

Author

Abstract

The paper considers production in a simple two period general equilibrium model with incomplete markets. It shows, by application of convex sets analysis, the separation of economic activities of the agents. The paper improves on Stiefenhofer (2010) by taking a geometric approach to the study of the decentralization theorem. This theorem separates the economic activities of the agents, hence generalizes the objective function of the firm of the Arrow-Debreu model to the case of incomplete markets, where firms are profit maximizers.

Suggested Citation

  • P Stiefenhofer, 2010. "A Geometric Separation of the Economic Activities of the Agents: The Leading Example," Discussion Papers 10/12, Department of Economics, University of York.
    • Handle: RePEc:yor:yorken:10/12
    as

    Download full text from publisher

    File URL: https://www.york.ac.uk/media/economics/documents/discussionpapers/2010/1012.pdf
    File Function: Main text
    Download Restriction: no
    ---><---

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:yor:yorken:10/12. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Paul Hodgson (email available below). General contact details of provider: https://edirc.repec.org/data/deyoruk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.