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- W28136788 abstract "The presence of increasing returns to scale is in most cases incompatible with the competitive behaviour of firms (i.e., profit maximization at given prices). Imperfect competition arises then as a natural framework to analyze market economies with increasing returns: the behaviour of individual firms may well have an impact on prices. Unfortunately, such an analysis is still pending in the context of a general equilibrium model of this type: the difficulties seem extraordinary even in the convex case." @default.
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- W28136788 date "1996-01-01" @default.
- W28136788 modified "2023-09-27" @default.
- W28136788 title "Constrained Profit Maximization" @default.
- W28136788 doi "https://doi.org/10.1007/978-3-662-00457-9_9" @default.
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