Results 211 to 220 of about 340,976 (263)
Overlapping Generations Model of General Equilibrium [PDF]
, 1987 The consumption loan model that Paul Samuelson introduced in 1958 to analyse the rate of interest, with or without the social contrivance of money, has developed into what is without doubt the most important and influential paradigm in neoclassical general equilibrium theory outside of the Arrow—Debreu economy.
openaire +2 more sources
Some of the next articles are maybe not open access.
Related searches:
Related searches:
Generalized Nash equilibrium problems
4OR, 2007zbMATH Open Web Interface contents unavailable due to conflicting licenses.
FACCHINEI, Francisco, Christian Kanzow
openaire +2 more sources
2003
In recent years certain leading figures in the world of economics have called the usefulness of general equilibrium theory into question. This superb new book brings together leading economic theorists with important contributions to the ongoing debate.
openaire +1 more source
In recent years certain leading figures in the world of economics have called the usefulness of general equilibrium theory into question. This superb new book brings together leading economic theorists with important contributions to the ongoing debate.
openaire +1 more source
Hoarding in General Equilibrium
Economica, 1990Hoarding of money-supply increases can explain long and variable lags from money-supply changes to changes in aggregate expenditure and average prices. The Archibald-Lipsey model relies upon differences in income elasticities of demand for real money balances to explain aggregate hoarding of money-supply changes.
openaire +1 more source
Partial Equilibrium Thinking in General Equilibrium
SSRN Electronic Journal, 2019We develop a theory of Partial Equilibrium Thinking (PET), whereby agents fail to understand the general equilibrium consequences of their actions when inferring information from endogenous outcomes. PET generates a two-way feedback effect between outcomes and beliefs, which can lead to arbitrarily large deviations from fundamentals. In financial
Bastianello, Francesca +1 more
openaire +1 more source
, 2007 Contrairement aux analyses d'équilibre partiel qui étudient le fonctionnement d'un marché particulier sous l'hypothèse que les revenus des agents et les prix sur les autres marchés resteront approximativement constants, l'ambition d'un modèle d'équilibre général est de permettre d'étudier l'équilibre simultané sur tous les marchés d'une économie ...
openaire +1 more source
From Walras’s General Equilibrium to Hicks’s Temporary Equilibrium
Recherches économiques de Louvain, 1989SummaryStarting by and overview of open problems in the Walrasian heritage, the paper reviews tne debates which paved the way to Hicksian temporary equilibrium. In the late twenties and the thirties the open issue of equilibrium and business fluctuations gave rise to new research programmes centered on the need to add the time dimension in equilibrium ...
openaire +2 more sources
2008
The general equilibrium theory of value, as developed by Walras (1874–77) and his followers, determines the relative prices of goods in terms of non-monetary factors such as technology, preferences, and endowments. Monetary factors are used to determine the nominal price level once relative prices have been determined. Relative prices are determined by
openaire +1 more source
The general equilibrium theory of value, as developed by Walras (1874–77) and his followers, determines the relative prices of goods in terms of non-monetary factors such as technology, preferences, and endowments. Monetary factors are used to determine the nominal price level once relative prices have been determined. Relative prices are determined by
openaire +1 more source
Uncertainty and General Equilibrium
1987One of the notable intellectual achievements of economic theory during the past years has been the rigorous elaboration of the Walras-Pareto theory of value; that is, the theory of the existence and optimality of competitive equilibrium. Although many economists and mathematicians contributed to this development, the resulting edifice owes so much to ...
openaire +1 more source
existence of general equilibrium
1987Leon Walras provided in his Elements d’economie politique pure (1874–7) an answer to an outstanding scientific question raised by several of his predecessors. Notably, Adam Smith had asked in An Inquiry into the Nature and Causes of the Wealth of Nations (1776) why a large number of agents motivated by self-interest and making independent decisions do ...
openaire +1 more source