will result in an overall general equilibrium. General equilibrium theory contrasts with the theory of partial equilibrium, which analyzes a specific...

empirically estimating the Arrow–Debreu model of general equilibrium theory with empirical data, to provide "“a general method for the explicit numerical solution...

future forecasting purposes. DSGE econometric modelling applies general equilibrium theory and microeconomic principles in a tractable manner to postulate...

Computable general equilibrium (CGE) models are a class of economic models that use actual economic data to estimate how an economy might react to changes...

The main use of the Edgeworth box is to introduce topics in general equilibrium theory in a form in which properties can be visualised graphically. It...

subjectivism accompanies these emphases. See also general equilibrium. Neoclassical economics uses the utility theory of value, which states that the value of...

oligopoly, monopoly and monopsony. Computable general equilibrium Cost curve General equilibrium theory Law of one price p. 538, Andreu Mas-Colell, Michael...

of equilibrium in general have been proposed by Huw Dixon. These are: Equilibrium property P1: The behavior of agents is consistent. Equilibrium property...

on the role of deviation from equilibrium in economics. This approach is also known as non-Walrasian theory, equilibrium with rationing, the non-market...

most general models of competitive economy and is a crucial part of general equilibrium theory, as it can be used to prove the existence of general equilibrium...

The narrative theory of equilibrium was proposed by Bulgarian narratologist Tzvetan Todorov in 1971. Todorov delineated this theory in an essay entitled...

stochastic general equilibrium, an econometric method that applies general equilibrium theory and microeconomic principles. Correlated equilibrium, in game...

of player. The Walrasian equilibria of an exchange economy in a general equilibrium model, will lie in the core of the cooperation game between the agents...

that Soto scorns general equilibrium theory, citing a passage in which Soto refers to the "pernicious analysis" of price equilibrium at "the intersection...

In economics, specifically general equilibrium theory, a perfect market, also known as an atomistic market, is defined by several idealizing conditions...

and "liquidity preference–money supply" (LM) curves illustrates a "general equilibrium" where supposed simultaneous equilibria occur in both the goods and...

performed according to general equilibrium theory, developed by Léon Walras in Elements of Pure Economics (1874) and partial equilibrium theory, introduced by...

In game theory, the Nash equilibrium is the most commonly used solution concept for non-cooperative games. A Nash equilibrium is a situation where no...

In game theory, a correlated equilibrium is a solution concept that is more general than the well known Nash equilibrium. It was first discussed by mathematician...

economic equilibrium do not hold. Economic models in the tradition of partial or general equilibrium theory rely on the notion of economic equilibrium: because...

partial-equilibrium approach, which emerged from the Walrasian general equilibrium theory. However, the Walrasian general equilibrium theory presents...

game theory. An equilibrium in an abstract economy generalizes both a Walrasian equilibrium in microeconomics, and a Nash equilibrium in game-theory. The...

in the context of partial equilibrium theory, it is sometimes called Walrasian demand as used in general equilibrium theory (named after Léon Walras)...

results for production theory extension of general equilibrium theory of markets and adaptation of static-equilibrium theory to economic dynamics in...

economics, including general equilibrium theory. While it does not reject the existence of an equilibrium, it features a non-equilibrium approach and sees...

marginal theory of value (independently of William Stanley Jevons and Carl Menger) and pioneered the development of general equilibrium theory. Walras...

from either general equilibrium asset pricing or rational asset pricing, the latter corresponding to risk neutral pricing. Investment theory, which is near...

PIMCO. He is notable for his contributions to dynamic stochastic general equilibrium theory and international monetary economics. He is a former Assistant...

His contributions to social choice theory, notably his "impossibility theorem", and his work on general equilibrium analysis are significant. His work...

concept of underemployment equilibrium originates from analyzing underemployment in the context of General Equilibrium Theory, a branch of microeconomics...