Results 211 to 220 of about 885,008 (299)
Stratification of general equilibrium theory
Erkenntnis, 1989 Kuipers, Theo A.F., Jansen, Maarten
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Advanced Microeconomics, 2021
1.1. Introductory remarks. Allocation of goods takes place in two different modes, the first of which being person-to-person. For example, voluntary exchange in a peaceful economy is person-to-person, making all agents better off (see pp. 385). Person-to-person does not necessarily imply face-to-face.
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1.1. Introductory remarks. Allocation of goods takes place in two different modes, the first of which being person-to-person. For example, voluntary exchange in a peaceful economy is person-to-person, making all agents better off (see pp. 385). Person-to-person does not necessarily imply face-to-face.
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2018
This chapter deals with three subjects: general equilibrium, Pareto optimality, and welfare properties. Previous chapters assume exogenous prices, that is, consumers and producers take prices as given and choose their best actions based on their own budget/resource constraints.
Susheng Wang
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This chapter deals with three subjects: general equilibrium, Pareto optimality, and welfare properties. Previous chapters assume exogenous prices, that is, consumers and producers take prices as given and choose their best actions based on their own budget/resource constraints.
Susheng Wang
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2017
Here we briefly review the general equilibrium theory, which is pretty traditional: preference and the concept of ordinal utility, demand, and comparative statics, the definition of Arrow–Debreu equilibrium, Pareto efficiency, and welfare theorems, welfare comparison, and compensation principle, and incomplete asset markets.
Takashi Hayashi
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Here we briefly review the general equilibrium theory, which is pretty traditional: preference and the concept of ordinal utility, demand, and comparative statics, the definition of Arrow–Debreu equilibrium, Pareto efficiency, and welfare theorems, welfare comparison, and compensation principle, and incomplete asset markets.
Takashi Hayashi
semanticscholar +4 more sources
Temporary General Equilibrium Theory
Econometrica, 1977This paper surveys some recent studies of economies where trading takes place sequentially over time, and where each agent makes decisions at every date in the light of his expectations about his future environment, which are functions of his information on the present and past states of the economy.
Jean-Michel Grandmont
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Dynamics in General Equilibrium Theory
1980I find myself something of an outsider in writing a paper like this; and for a mathematician to write a paper with no technical mathematics is a real (but very constructive) confrontation with the problem of communication. What I hope to achieve here is to convey some of my ideas on the relation between dynamics and the traditionally static, economic ...
S. Smale
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Classical General Equilibrium Theory
2002Although general equilibrium theory originated in the late nineteenth century, modern elaboration and development of the theory began only in the 1930s and 1940s. This book focuses on the version of the theory developed in the second half of the twentieth century, referred to by Lionel McKenzie as the classical general equilibrium theory.
L. Mckenzie
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General Equilibrium: Theory and Evidence
Economic Record, 2012The article reviews the book "General Equilibrium: Theory and Evidence," by W. D. A. Bryant.
Paul Oslington
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