Smallness of a Commodity and Partial Equilibrium Analysis
نویسندگان
چکیده
منابع مشابه
Smallness of a commodity and partial equilibrium analysis
Partial equilibrium analysis has a conceptual dilemma that its object should be negligibly small so as not to affect allocation of the other commodities but then the consumer does not care for it and the notion of willingness to pay for it does not make sense. In the setting of a continuum of commodities, we propose a limiting procedure which transforms the many-commodity environment into a par...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2009
ISSN: 1556-5068
DOI: 10.2139/ssrn.1494226