Results 71 to 80 of about 708 (178)
Three Lectures on the Walrasian Hypotheses for Exchange Economies [PDF]
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
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This paper proposes a novel framework for economic equilibrium theory, unifying dual semidefinite programming (Dual SDP) and Walrasian general equilibrium theory into a "matrix variational inequality system." Unlike traditional Walrasian models that only deal with scalar price spaces, this paper introduces the positive semidefinite price operator P⪰0 ...
openaire +3 more sources
Adjustment Processes Within Economic Evolution - Schumpeterian Approach. [PDF]
J Knowl Econ, 2022 Lipieta A, Lipieta A.
europepmc +1 more source
Convergence in the Finite Cournot Oligopoly with Social and Individual Learning [PDF]
Convergence to the Nash equilibrium in a Cournot oligopoly is a question that recurrently arises as a subject of controversy in economics. The development of evolutionary game theory has provided an equilibrium concept more directly connected with ...
Murat Yildizoglu, Thomas Vallée
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On the core and Walrasian expectations equilibrium in infinite dimensional commodity spaces
In this paper, we establish two different characterizations of Walrasian expectations allocations by the veto power of the grand coalition in an asymmetric information economy having finitely many agents and states of nature and whose commodity space is ...
Bhowmik, Anuj, Cao, Jiling
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Marshall versus Walras on Equilibrium and Time [PDF]
The aim of this paper is to ponder upon Marshall’s conception of equilibrium and to confront it withWalras’s. In a first section, I present a rational reconstruction of the Marshallian conception.
Michel De Vroey
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A Model of Panic Buying and Workforce under COVID-19. [PDF]
Int J Environ Res Public Health, 2022 He G, Hu Z.
europepmc +1 more source
Overdemand and underdemand in economies with indivisible goods and unit demand [PDF]
We study an economy where a collection of indivisible goods are sold to a set of buyers who want to buy at most one good. We characterize the set of Walrasian equilibrium price vectors in such an economy using sets of overdemanded and underdemanded goods.
Dolf Talman, Debasis Mishra
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Econophysics and the Entropic Foundations of Economics. [PDF]
Entropy (Basel), 2021 Rosser JB.
europepmc +1 more source
Walker's "Equilibrium": A Review Essay [PDF]
Donald Walker has provided us with a three-volume collection of work drawn from the literature of the past half-century intended to illustrate the variations over that period in the form and substance of the economist's concept of "equilibrium" and, in ...
Glenn Hueckel
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