### Abstract

Original language | English |
---|---|

Place of Publication | Tilburg |

Publisher | Microeconomics |

Number of pages | 19 |

Volume | 1998-84 |

Publication status | Published - 1998 |

### Publication series

Name | CentER Discussion Paper |
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Volume | 1998-84 |

### Fingerprint

### Keywords

- mathematical models
- production
- consumption

### Cite this

*A Model Distinguishing Production and Consumption Bundles*. (CentER Discussion Paper; Vol. 1998-84). Tilburg: Microeconomics.

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

Research output: Working paper › Discussion paper › Other research output

TY - UNPB

T1 - A Model Distinguishing Production and Consumption Bundles

AU - Schalk, S.

N1 - Pagination: 19

PY - 1998

Y1 - 1998

N2 - In contrast to the neo-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. 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 a point of further investigationwhether the notion of production technology is also generating the notion of production set

AB - In contrast to the neo-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. 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 a point of further investigationwhether the notion of production technology is also generating the notion of production set

KW - mathematical models

KW - production

KW - consumption

M3 - Discussion paper

VL - 1998-84

T3 - CentER Discussion Paper

BT - A Model Distinguishing Production and Consumption Bundles

PB - Microeconomics

CY - Tilburg

ER -