Abstract

https://ssrn.com/abstract=1464285
 
 

References (2)



 


 



The Conflict between General Equilibrium and the Marshallian Cross


Ismail Saglam


TOBB University of Economics and Technology

Asad Zaman


Pakistan Institute of Development Economics

June 15, 2012


Abstract:     
This paper illustrates on a simple model of production economy with constant returns the incoherence of the partial competitive equilibrium analysis. The conflict between the Marshallian cross and the general equilibrium, which survives under many proposed restrictions of our economic domain, can be remedied under decreasing returns technologies, when the joint production possibility is present and fixed costs of joint production are suciently low.

Number of Pages in PDF File: 31

Keywords: Curve, Partial Equilibrium, General Equilibrium

JEL Classification: D01


Open PDF in Browser Download This Paper

Date posted: August 31, 2009 ; Last revised: June 30, 2012

Suggested Citation

Saglam, Ismail and Zaman, Asad, The Conflict between General Equilibrium and the Marshallian Cross (June 15, 2012). Available at SSRN: https://ssrn.com/abstract=1464285 or http://dx.doi.org/10.2139/ssrn.1464285

Contact Information

Ismail Saglam
TOBB University of Economics and Technology ( email )
Faculty of Economics and Administrative Sciences
Söğütözü Cad. 43,
Ankara, Cankaya
Turkey
Asad Zaman (Contact Author)
Pakistan Institute of Development Economics ( email )
Quaid-i-Azam University Campus
P.O.Box 1091
Islamabad, Federal Capital 44000
Pakistan
Feedback to SSRN


Paper statistics
Abstract Views: 591
Downloads: 114
Download Rank: 193,234
References:  2