Results 311 to 320 of about 3,149,567 (372)

Dynamics in General Equilibrium Theory

1980
I 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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General Equilibrium Theory of Value

2011
The concept of general equilibrium, one of the central components of economic theory, explains the behavior of supply, demand, and prices by showing that supply and demand exist in balance through pricing mechanisms. The mathematical tools and properties for this theory have developed over time to accommodate and incorporate developments in economic ...
Y. Balasko
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The Firm in General Equilibrium Theory

1969
In classical theory, from Smith to Mill, fixed coefficients in production are assumed. In such a context, the individual firm plays little role in the general equilibrium of the economy. The scale of any one firm is indeterminate, but the demand conditions determine the scale of the industry and the demand by the industry for inputs. The firm’s role is
K. Arrow
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Temporary General Equilibrium Theory

Econometrica, 1977
This 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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General Equilibrium: Theory and Evidence

Economic Record, 2012
The article reviews the book "General Equilibrium: Theory and Evidence," by W. D. A. Bryant.
Paul Oslington
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THE RATIONALE OF GENERAL EQUILIBRIUM THEORY

Economic Inquiry, 1975
This paper is concerned with the methodological issues raised by the attempt to use or apply the results of general equilibrium theory. This concern arises out of a critical discussion of Professor F. H. Hahn's view that general equilibrium theory is far from being a self-contained exercise, and is all the more decisive in its application for being ...
A. Coddington
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General equilibrium theory

2016
A. Kirman
semanticscholar   +4 more sources

A General Equilibrium Approach To Monetary Theory

Journal of Money, Credit and Banking, 1969
J. Tobin
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General equilibrium theory and competitive trade models

, 2012
A rough generalization is that by and large economists who have contributed to establishing the properties of general equilibrium models, such as existence and optimality, form a rather different group from those who deal with simplified versions of ...
R. Jones
semanticscholar   +1 more source

Uncertainty and the firm in general equilibrium theory

, 1985
The firm fits into general equilibrium theory as a balloon fits into an envelope: flattened out! Try with a blown-up balloon: the envelope may tear, or fly away: at best, it will be hard to seal and impossible to mail... . Instead, burst the balloon flat,
J. Drèze
semanticscholar   +1 more source