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...

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

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...

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

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 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...

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

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

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

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

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

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

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...

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

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

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

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

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

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

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

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

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

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

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

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

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