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

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...

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

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...

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

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...

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

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

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

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

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

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...

A Markov perfect equilibrium is an equilibrium concept in game theory. It has been used in analyses of industrial organization, macroeconomics, and political...

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

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

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

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...

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

The temporary equilibrium method has been devised by Alfred Marshall for analyzing economic systems that comprise interdependent variables of different...

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

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

Reflective equilibrium is a state of balance or coherence among a set of beliefs arrived at by a process of deliberative mutual adjustment among general principles...

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

The Sonnenschein–Mantel–Debreu theorem is an important result in general equilibrium economics, proved by Gérard Debreu, Rolf Mantel [es], and Hugo F...

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

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

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

Economic Theory is a peer-reviewed academic journal that focuses on theoretical economics, particularly social choice, general equilibrium theory, and game...