Ata, H. Nur2016-01-082016-01-082000http://hdl.handle.net/11693/18212Cataloged from PDF version of article.Includes bibliographical references leaves 30-32.In this work we analyze the existence of equilibrium under increasing returns in a limited participation model. There arc two types of agents. Producer type has an increasing returns to scale (IRS) technology with no labor endowment while worker type has onh' labor endowment. Economy consists of three periods. At each period, due to cash-in-advance constraints imposed on factor purchases, goods market opens after the labor market closes. Total money stock is assumed to be constant. With this setup we were able to establish the existence and uniqueness of competitive equlibrium with increasing returns for the special case that the agent’s preferences are being represented by logarithmic utility.vii, 132 leaves, graphicsEnglishinfo:eu-repo/semantics/openAccessInreasing ReturnsFiat moneyLimited ParticipationHB145 .A83 2000Equilibrium (Economics)--Mathematical models.Economics of scale--Mathematical models.Economics, Mathematical.Competition.Money--Mathematical models.Existence of competitive equilibrium under financial constraints and increasing returnsThesis