Results 11 to 20 of about 3,149,567 (372)
On Equilibrium Prices in Continuous Time [PDF]
arXiv, 2008 We combine general equilibrium theory and theorie generale of stochastic processes to derive structural results about equilibrium state prices.
Frank Riedel +3 more
arxiv +9 more sources
A General Equilibrium Entrepreneurial Theory of Firm Formation Based on Risk Aversion [PDF]
Journal of Political Economy, 1979 Richard E. Kihlstrom +1 more
openalex +2 more sources
Symmetry-breaking and trade in neoclassical economies with domestic policies having diminishing effect to production scale [PDF]
Fulbright Review of Economics and Policy, 2023 Purpose – The aim of this paper is to investigate whether a Nash equilibrium of a two-country trading economy is symmetry-breaking or not. Design/methodology/approach – The approach to tackle this topic is a theoretical treatment by the general ...
Tsuyoshi Shinozaki +2 more
doaj +1 more source
Léon Walras, Irving Fisher and the Cowles Approach to General Equilibrium Analysis
Œconomia, 2021 This paper explores the relationship of Walras’s work to a particularly influential tradition of general equilibrium, that associated with the Cowles Commission for Research in Economics in Colorado in the 1930s and at the University of Chicago from 1939
Robert W. Dimand
doaj +1 more source
Arrow-Debreu Model versus Kornai-critique [PDF]
Athens Journal of Business & Economics, 2017 More than forty-five years have passed since János Kornai published his book entitled „Anti-equilibrium” (Kornai, 1971). This was the first scientific work in the international literature that provided a comprehensive critique on the general equilibrium ...
József Móczár
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Entrepreneurship and Equilibrium
Mises, 2021 Neoclassic economic theory regards equilibrium, whether general or partial, as a crucially important foundation of the dismal science[1]. In the view of mainstream economists, the general equilibrium framework not only an investigation of the economy in ...
Ying Tang, Walter Block, David Gordon
doaj +1 more source
Theory of Non-equilibrium Asymptotic State Thermodynamics: Interacting Ehrenfest Urn Ring as an Example [PDF]
Physical Review E 108, 064114 (2023), 2023 A generalized class of non-equilibrium state, called non-equilibrium asymptotic state (NEAS), is proposed. The NEAS is constructed within the framework of the Fokker-Planck equations in thermodynamic limit. Besides the usual equilibrium state and non-equilibrium steady state (NESS), the class of NEAS could also cover non-equilibrium periodic state ...
arxiv +1 more source
Equilibrium ensemble approach to disordered systems I: general theory, exact results [PDF]
, 1996 An outline of Morita's equilibrium ensemble approach to disordered systems is given, and hitherto unnoticed relations to other, more conventional approaches in the theory of disordered systems are pointed out.
Reimer Kühn
openalex +3 more sources
Marx and Input-Output Analysis and General Equilibrium Theory
World Review of Political Economy, 2016 This article shows the following: (1) Marx has given a description of the relationship between industries, which is equivalent to Walras's theoretical version of input-output and to Leontief's empirical (monetary) input-output analysis.
Ezra Davar
doaj +1 more source
Œconomia, 2012 General equilibrium theory is an instrument for the analysis of market economies. The wide range of concepts used in general equilibrium stems from the complexity of market economies.
Edmond Malinvaud
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