A "classical" general equilibrium model
Datum der Publikation: 1991
Nummer: 11
Seiten: 1-38
Art: Arbeitsdokument
Zusammenfassung
It is shown in this paper how for any parametrically given rate of profits p, a price vector and an allocation exist such that: (a) Consumers maximize their preferences subject to their budget constraints; (b) Firms maximize profits; (c) Al1 active firms are equally profitable (with a rate of return equal to p); and (d) All markets clear.