Journal Article General Equilibrium with a Replenishable Natural Resource: A Comment Get access Jacques Lesourne Jacques Lesourne Conservatoire National des Arts et Métiers Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 43, Issue 3, October 1976, Pages 557–560, https://doi.org/10.2307/2297237 Published: 01 October 1976 Article history Received: 01 June 1975 Accepted: 01 March 1976 Published: 01 October 1976

IN THEIR INTERESTING PAPER, External Diseconomies in Consumption and Monopoly Pricing [3], I. Luski and R. Lusky (LL) have presented a result concerning the respective value of the monopoly price and the socially optimal price of a private good, the consumption of which inflicts external diseconomies. But their presentation is incomplete because they consider a model with only one good freely available, forget to take into account the distribution of income, and limit the proof of the main theorem to a special case. These deficiencies make appreciation of the validity of the result difficult. We shall discuss here the same problem in the framework of the simplest consistent model.

Jacques F. Lesourne, Raymond Leban; Business Strategies in Inflationary Economies, The Review of Economic Studies, Volume 44, Issue 2, 1 June 1977, Pages 265–28