Results 251 to 260 of about 99,564 (312)
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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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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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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.
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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.
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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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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.
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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.
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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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