A Walrasian equilibrium is a vector of prices, and a consumption bundle for each agent, such that (i) every agent's consumption maximizes her utility given prices, and (ii) markets clear: the total demand for each commodity just equals the aggregate endowment.
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... |
| соревновательное равновесие |  |
Конкурентное равновесие — это концепция экономического равновесия, введенная Кеннетом Эрроу и Жераром Дебре в 1951 году, подходящая для анализа товарных рынков с гибкими ценами и множеством трейдеров и служащая эталоном эффективности в... Википедия (Английский язык)
Walras's law is based on equilibrium theory, which states that all markets must be "cleared" of any excess supply and demand to be in equilibrium. Keynesian ... |
If this point exists it is called a fixed-point. ○ The walrasian equilibrium is going to be defined as a fixed point of a mapping from the set of prices into ... |
In this paper, we establish the existence of Walrasian equilibrium in economies with many discrete goods and either with a limited quantity of one divisible ... |
Abstract. We study economies with indivisibilities that satisfy the gross substitutes (GS) condition. The simplest example of GS preferences are unit demand ... |
20 нояб. 2020 г. · In our setting with linear and anonymous prices, a competitive equilibrium is also called a Walrasian equilibrium. If there exists a Walrasian ... |
An equilibrium in an exchange economy is defined by the condition under which no goods are in excess demand or supply. If a market fails to clear, prices are ... |
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