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General equilibrium theory

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.
Harald Wiese
semanticscholar   +4 more sources

General Equilibrium Theory

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
openaire   +3 more sources

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