A Reformulation of the Marginal Productivity Theory of Distribution
重构边际生产力理论，用个人生产力替代商品生产力，定义无剩余分配作为完全竞争均衡，并比较其与瓦尔拉斯均衡，为价格决定提供新视角。
Reformulating marginal productivity theory by replacing productivity with respect to commodities with productivity with respect to persons and then defining perfectly competitive equilibrium as an allocation at which each person receives the marginal product of his/her contribution called a no-surplus allocation there emerges a competitive theory of price determination. Characterizations of no-surplus allocations are given in models with a nonatomic continuum of agents and an infinite-dimensional commodity space. Comparisons between the no-surplus and Walrasian equilibrium definitions of competitive equilibrium are made and some sufficient conditions are obtained for the existence of a no-surplus allocation.