Results 91 to 100 of about 10,277 (175)

Compatible Beliefs and Equilibrium [PDF]

open access: yes
In this paper I investigate the nature of the beliefs which agents must hold (at least implicitly) in order to justify their considering various alternatives, in two distinct settings: the Walrasian model without production (with competitive equilibrium),
David Cass
core  

The Homotopy Continuation Method and the Walrasian General Equilibrium Theory

open access: yesThe Homotopy Continuation Method and the Walrasian General Equilibrium Theory
The homotopy continuation method becomes a. powerful tool for comparative statics in the large. It is also, by its nature, to be used for showing the existence of zeroes of a map. In this paper, we first present some existence theorems concerning set-valued maps.
openaire  

Methodological implications of the of extension of the number of considered markets in a non-Walrasian equilibrium model [PDF]

open access: yes
This paper deals with the consequences of the extension of the number of markets that are taken into consideration in a non-Walrasian equilibrium model. It is reviewed the initial content of the theory of non-Walrasian equilibrium and emphasizes the main
Florin-Marius PAVELESCU
core  

A Stochastic Approach to Disequilibrium Macroeconomics [PDF]

open access: yes
In this paper, our aim is to develop an alternative approach to analyzing a macroeconomic model where markets do not clear. Earlier approaches have had difficulties in interpreting effective demand, a key concept in disequilibrium macroeconomics.
Seppo Honkapohja, Takatoshi Ito
core  

Examining industrial air pollution embodied in trade: implications of a hypothetical China-UK FTA. [PDF]

open access: yesEnviron Dev Sustain, 2022
Zhang YW   +9 more
europepmc   +1 more source

Three Lectures on the Walrasian Hypotheses for Exchange Economies [PDF]

open access: yes
This paper discusses the testable implications of the Walrasian hypotheses: H1 Observed market demand is the sum of consumer's demands derived from utility maximization subject to budget constraints.
Donald J. Brown
core  

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