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Grimaud, André
and Laffont, Jean-Jacques
(1989)
Existence of Spatial Equilibrium.
Journal of Urban Economics, 25 (2).
pp. 213-218.
Official URL : http://tse-fr.eu/pub/1112
Identification Number : 10.1016/0094-1190(89)90035-1
Abstract
We prove the existence of a competitive equilibrium in a simple canonical model of spatial economics. We emphasize the single difficulty introduced by the use of a continuum of agents to convexify the fundamental locational nonconvexity: individual consumption bundles are not bounded above by the aggregate boundedness of initial resources.
| Item Type: | Article |
|---|---|
| Language: | English |
| Date: | March 1989 |
| Refereed: | Yes |
| Subjects: | B- ECONOMIE ET FINANCE |
| Divisions: | TSE-R (Toulouse) |
| Site: | UT1 |
| Date Deposited: | 18 Jan 2012 05:56 |
| Last Modified: | 02 Apr 2021 15:35 |
| OAI Identifier: | oai:tse-fr.eu:1112 |
| URI: | https://publications.ut-capitole.fr/id/eprint/2637 |
