Competitive equilibrium (also called: Walrasian equilibrium) is a concept of economic equilibrium, introduced by Kenneth Arrow and Gérard Debreu in 1951, ... Approximate equilibrium · Existence of a competitive...

A market is in equilibrium if the actions of buyers and sellers have no tendency to change the price or the quantities bought and sold. Figure 8.4 explains why ...

Characteristics of competitive equilibrium · All transactions take place at the same price. · The market clears (supply equals demand). · All participants are ...

This paper studies an exchange economy with a finite number of agents in which each agents is initially endowed with a finite number of (personalized) ...

The development of general equilibrium theory represents one of the greatest advances in economic analysis in the latter half of the twentieth century.

This paper presents the classical theorem on the existence of equilibrium as it was proved in the 1950's with the various improvements that have been made ...

15 окт. 2015 г. · It's about an equilibrium in which market forces (say, consumers, firms)' supply and demand responds to prices, and prices respond to supply and demand.

We study a competitive credit market equilibrium in which all agents are risk neutral and lenders a priori unaware of borrowers' default probabilities.

Продолжительность: 6:59
Опубликовано: 19 мая 2013 г.