Distributive production sets and equilibria with increasing returns

Implementation in production economies with increasing returns

In this paper we investigate incentive aspects of a general price-setting equilibrium principle in production economies with increasing returns or more general types of non-convexities. We do so by introducing the notion of generalized mechanism. We allow preferences and individual endowments to be unknown to the planner. We present a simple generalized mechanism whose social equilibrium alloca...

FUZZY ORDERED SETS AND DUALITY FOR FINITE FUZZY DISTRIBUTIVE LATTICES

The starting point of this paper is given by Priestley’s papers, where a theory of representation of distributive lattices is presented. The purpose of this paper is to develop a representation theory of fuzzy distributive lattices in the finite case. In this way, some results of Priestley’s papers are extended. In the main theorem, we show that the category of finite fuzzy Priestley space...

fuzzy ordered sets and duality for finite fuzzy distributive lattices

the starting point of this paper is given by priestley’s papers, where a theory of representation of distributive lattices is presented. the purpose of this paper is to develop a representation theory of fuzzy distributive lattices in the finite case. in this way, some results of priestley’s papers are extended. in the main theorem, we show that the category of finite fuzzy priestley space...

Increasing Returns and Economic Efficiency

This paper argues that, from the viewpoint of Pareto optimality, the industries with increasing returns are under-expanded relative to those without increasing returns and those with higher degrees of increasing returns are under-expanded relative to those with lower degrees. Ignoring administrative and indirect (such as rent-seeking) costs, subsidies on goods produced under conditions of (high...

Planning, Prices and Increasing Returns