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Neoclassical General-Equilibrium Theory
1979In this chapter we deal with the over-all structure of general-equilibrium theory. Little emphasis is placed on the distributional aspects of this theory; these are dealt with in the following chapter. The approach is intuitive rather than rigorous, as befits an introduction to the subject.
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Widening General Equilibrium Theory
2000Both in § 1.3 and in Ch.3 we have already dealt with one period competitive general equilibrium, Walrasian general equilibrium for short. It is now time to consider a very important extension of this theory to a sequence of time periods, by presenting a framework known as temporary competitive general equilibrium, or temporary equilibrium for short ...
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Advances in General Equilibrium Theory
1997Advances in General Equilibrium Theory presents a new approach to the construction of general equilibrium models. It considers the methods that should be adapted and some of the principal subjects with which general equilibrium modelling should be concerned in order to convert it into a useful body of knowledge.
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Consistency and incompleteness in general equilibrium theory
Journal of evolutionary economics, 2018S. Landini +2 more
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General Equilibrium Theory — An Empirical Theory?
1982I) Two basic reasons seem to make dealing with the General Equilibrium Theory (GET) attractive for the philosopher of science. First, it is an axiomatic and mathematically demanding theory, a matter that facilitates the business of logical analysis.
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General Equilibrium Theory, But Better
SSRN Electronic Journal, 2018I construct a general, game theoretic model of markets. Agents in the model choose how much of each good to supply/demand, and at what prices. Trading can occur at non-market-clearing prices. There is an explicit rationing mechanism that kicks in if markets fail to clear. The game is very complicated, but a massive simplification occurs in the limit of
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Are General Equilibrium Theories Explanatory?
1981The elegant theories of general equilibrium which have been developed during the past three decades leave many economists puzzled, since they appear to have so little to do with real economies.0 Gerard Debreu in his classic Theory of Value states that his theory is concerned with the explanation of prices.1 Yet others as distinguished as Kenneth Arrow ...
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What are General Equilibrium Theories?
1990A little philosophy of science can be a troubling thing. Simplified treatments of philosophy of science maintain that scientists formulate generalizations or theories, derive implications from them, and retain these generalizations or theories (albeit with some caution) as long as they pass the experimental tests.
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