Note on the relation between quantity and price anomalies under externalities

Eytan Sheshinski

doi:10.1016/0165-1765(78)90044-7

Note on the relation between quantity and price anomalies under externalities

Eytan Sheshinski^*

^*Corresponding author for this work

Department of Economics

Research output: Contribution to journal › Article › peer-review

6 Scopus citations

Abstract

Diamond and Mirrlees (1973) provided conditions to ensure that a good generating external economies (diseconomies) should increase (decrease) in aggregate quantity when moving from a competitive equilibrium to any Pareto optimum. We prove that the same conditions ensure that each individual's equilibrium quantity of this good decreases as its price increases.

Original language	English
Pages (from-to)	111-115
Number of pages	5
Journal	Economics Letters
Volume	1
Issue number	2
DOIs	https://doi.org/10.1016/0165-1765(78)90044-7
State	Published - 1978

Access to Document

10.1016/0165-1765(78)90044-7

Cite this

@article{17e560acecbd4b338b19e2558e0c596c,

title = "Note on the relation between quantity and price anomalies under externalities",

abstract = "Diamond and Mirrlees (1973) provided conditions to ensure that a good generating external economies (diseconomies) should increase (decrease) in aggregate quantity when moving from a competitive equilibrium to any Pareto optimum. We prove that the same conditions ensure that each individual's equilibrium quantity of this good decreases as its price increases.",

author = "Eytan Sheshinski",

year = "1978",

doi = "10.1016/0165-1765(78)90044-7",

language = "אנגלית",

volume = "1",

pages = "111--115",

journal = "Economics Letters",

issn = "0165-1765",

publisher = "Elsevier B.V.",

number = "2",

}

TY - JOUR

T1 - Note on the relation between quantity and price anomalies under externalities

AU - Sheshinski, Eytan

PY - 1978

Y1 - 1978

N2 - Diamond and Mirrlees (1973) provided conditions to ensure that a good generating external economies (diseconomies) should increase (decrease) in aggregate quantity when moving from a competitive equilibrium to any Pareto optimum. We prove that the same conditions ensure that each individual's equilibrium quantity of this good decreases as its price increases.

AB - Diamond and Mirrlees (1973) provided conditions to ensure that a good generating external economies (diseconomies) should increase (decrease) in aggregate quantity when moving from a competitive equilibrium to any Pareto optimum. We prove that the same conditions ensure that each individual's equilibrium quantity of this good decreases as its price increases.

UR - https://www.scopus.com/pages/publications/1142288562

U2 - 10.1016/0165-1765(78)90044-7

DO - 10.1016/0165-1765(78)90044-7

M3 - ???researchoutput.researchoutputtypes.contributiontojournal.article???

AN - SCOPUS:1142288562

SN - 0165-1765

VL - 1

SP - 111

EP - 115

JO - Economics Letters

JF - Economics Letters

IS - 2

ER -

Note on the relation between quantity and price anomalies under externalities

Abstract

Access to Document

Other files and links

Fingerprint

Cite this