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Cone Conditions in General Equilibrium Theory
Journal of Economic Theory, 2000zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Aliprantis, Charalambos D. +2 more
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1998
A model in which a number of consumers demand a number of goods from a number of producers, and where the quantities of production factors are given, is called a general equilibrium model. Such a model allows the study of how production factors are allocated if the consumer’s aim is utility maximization and the producer’s aim is profit maximization.
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A model in which a number of consumers demand a number of goods from a number of producers, and where the quantities of production factors are given, is called a general equilibrium model. Such a model allows the study of how production factors are allocated if the consumer’s aim is utility maximization and the producer’s aim is profit maximization.
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1997
General Equilibrium Theory: An Introduction presents the mathematical economic theory of price determination and resource allocation from elementary to advanced levels, suitable for advanced undergraduates and graduate students of economics. This Arrow–Debreu model (known for two of its most prominent founders, both Nobel Laureates) is the basis of ...
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General Equilibrium Theory: An Introduction presents the mathematical economic theory of price determination and resource allocation from elementary to advanced levels, suitable for advanced undergraduates and graduate students of economics. This Arrow–Debreu model (known for two of its most prominent founders, both Nobel Laureates) is the basis of ...
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Beyond general equilibrium theory
2021After introducing General Equilibrium Theory, we present some applications and shed critical light on GET. We begin by a presentation of envy freeness in the next section. We then present the jungle economy, a Pareto efficient but nasty alternative to GET.
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Equivariant general equilibrium theory
Journal of Economic Theory, 1990zbMATH Open Web Interface contents unavailable due to conflicting licenses.
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General Workplace-Equilibrium Theory
SSRN Electronic Journal, 2009General workplace-equilibrium theory provides a nonspecific solution to a model of employee-employer rational choice in the circumstance of technological heterogeneities. It shares a critical characteristic with the ubiquitous friction-augmented, dynamic stochastic general market equilibrium analysis.
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1979
In the preceding chapters we have adopted a partial equilibrium approach, concentrating on decisions in a particular segment of the economy in isolation of what was happening in other segments, under the ceteris paribus assumption.
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In the preceding chapters we have adopted a partial equilibrium approach, concentrating on decisions in a particular segment of the economy in isolation of what was happening in other segments, under the ceteris paribus assumption.
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money and general equilibrium theory
1987Taking general equilibrium theory to be the model introduced by its founder, the topic of money and general equilibrium theory is as old as the subject itself. In the Preface to the fourth edition of the Elements, Walras wrote: ‘Chiefly, however, it was my theory of money that underwent the most important chnges as a result of my research on the ...
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General Equilibrium Trade Theory
2013Since the inception of the study of international trade, the most common modeling framework has been that of perfect competition and of general equilibrium. While the recent development of what has been called the ‘new trade theory’ has led to the analysis of trade issues in models involving imperfect competition, including monopolistic competition and
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General Equilibrium Theory has been one of the major intellectual developments in economics during the past half-century. The theory of general equilibrium is centred on an inquiry about human societies which has several of the characteristics of a fundamental scientific question.
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