Compatible Beliefs and Equilibrium [PDF]
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
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Decision Methods for Solving Systems of Walrasian Inequalities [PDF]
We propose two algorithms for deciding if systems of Walrasian inequalities are solvable. These algorithms may serve as nonparametric tests for multiple calibration of applied general equilibrium models or they can be used to compute counterfactual ...
Donald J. Brown, Ravi Kannan
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Equilibrium in a market with intermediation is Walrasian [PDF]
, 1994 We show that a profit maximizing monopolistic intermediary may behave approximately like a Walrasian auctioneer setting bid and ask prices nearly equal to Walrasian equilibrium prices.
Wooders, John
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Methodological implications of the of extension of the number of considered markets in a non-Walrasian equilibrium model [PDF]
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
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Testable implications of general equilibrium models: an integer programming approach. [PDF]
Focusing on the testable implications on the equilibrium manifold, we show that the rationalizability problem is NP-complete. Subsequently, we present an integer programming (IP) approach to characterizing general equilibrium models. This approach avoids
Cherchye, Laurens +2 more
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Transaction Entropy: An Alternative Metric of Market Performance. [PDF]
Entropy (Basel), 2023 Zhong H, Liang X, Wang Y.
europepmc +1 more source
Post Walrasian Macro Policy and the Economics of Muddling Through [PDF]
This paper expands on my earlier discussion of Post Walrasian macroeconomics policy. (Colander and van Ess 1996) First, it defines what I mean by Post Walrasian macroeconomics.
David Colander
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Characterization of the walrasian equilibria of the assignment model [PDF]
We study the assignment model where a collection of indivisible goods are sold to a set of buyers who want to buy at most one good. We characterize the extreme and interior points of the set of Walrasian equilibrium price vectors for this model.
Dolf Talman, Debasis Mishra
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On the instability of competitive equilibrium: a further example [PDF]
It is shown that a Walrasian price adjustment process fails to converge to an equilibrium in an exchange economy with three consumers and three commodities, where each consumer has a quasilinear utility function, desires only two commodities, and demands
Junichi Minagawa
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General Theorizing and Historical Specificity in the 'Keynes Versus the Classics' Dispute. [PDF]
East Econ J, 2021 Togati TD.
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