The Second Welfare Theorem with public goods in general economies
Author
dc.contributor.author
Jofré Cáceres, René
Author
dc.contributor.author
Rivera Cayupi, Jorge
Admission date
dc.date.accessioned
2017-05-17T20:43:36Z
Available date
dc.date.available
2017-05-17T20:43:36Z
Publication date
dc.date.issued
2010
Cita de ítem
dc.identifier.citation
Series Documentos de Trabajo No. 318, Julio, 2010
es_ES
Identifier
dc.identifier.uri
https://repositorio.uchile.cl/handle/2250/143989
Abstract
dc.description.abstract
In this paper we prove a general version of the Second Welfare Theorem
for a non-convex and non-transitive economy, with public goods and other
externalities in consumption. For this purpose we use the sub-gradient to
the distance function (normal cone) to define the pricing rule in this general
context.
es_ES
Lenguage
dc.language.iso
en
es_ES
Publisher
dc.publisher
Universidad de Chile, Facultad de Economía y Negocios