### Abstract

Original language | English |
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Place of Publication | Tilburg |

Publisher | Microeconomics |

Number of pages | 44 |

Volume | 757 |

Publication status | Published - 1998 |

### Publication series

Name | FEW Research Memorandum |
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Volume | 757 |

### Fingerprint

### Keywords

- mathematical models
- production
- consumption

### Cite this

*A Model Distinguishing Production and Consumption Bundles*. (FEW Research Memorandum; Vol. 757). Tilburg: Microeconomics.

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*A Model Distinguishing Production and Consumption Bundles*. FEW Research Memorandum, vol. 757, vol. 757, Microeconomics, Tilburg.

**A Model Distinguishing Production and Consumption Bundles.** / Schalk, S.

Research output: Book/Report › Report › Professional

TY - BOOK

T1 - A Model Distinguishing Production and Consumption Bundles

AU - Schalk, S.

N1 - Pagination: 44

PY - 1998

Y1 - 1998

N2 - In contrast with the classical theory of Arrow and Debreu, a model of a private ownership economy is presented in which production and consumption bundles are treated separately.Each of the two types of bundles is assumed to establish a convex cone.This also offers a point of contrast in comparison with the classical theory.The main part in the modelling is the introduction of production technologies which can be thought of as replacing the notion of production sets in Arrow and Debreu s model.It is shown that under mild economically interpretable conditions, a Walrasian equilibrium exists.

AB - In contrast with the classical theory of Arrow and Debreu, a model of a private ownership economy is presented in which production and consumption bundles are treated separately.Each of the two types of bundles is assumed to establish a convex cone.This also offers a point of contrast in comparison with the classical theory.The main part in the modelling is the introduction of production technologies which can be thought of as replacing the notion of production sets in Arrow and Debreu s model.It is shown that under mild economically interpretable conditions, a Walrasian equilibrium exists.

KW - mathematical models

KW - production

KW - consumption

M3 - Report

VL - 757

T3 - FEW Research Memorandum

BT - A Model Distinguishing Production and Consumption Bundles

PB - Microeconomics

CY - Tilburg

ER -