Profits in (Partial) Equilibrium and (General) Disequilibrium

In a many-sector production economy where each sector's output is used as input for every sector, a general equilibrium implies zero profit for everyone, whereas one market in excess demand implies positive profits for all others in their partial equilibrium. If more than one market is stuck in excess demand, every market allows positive profits

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Year of publication:	2013
Authors:	Kim, Seong-Hoon
Other Persons:	Moon, Seongman (contributor)
Publisher:	[2013]: [S.l.] : SSRN
Subject:	Theorie \| Theory \| Partielles Gleichgewicht \| Partial equilibrium \| Neoklassische Synthese \| Neoclassical synthesis \| Gewinn \| Profit

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Extent:	1 Online-Ressource (22 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments March 2013 erstellt
Other identifiers:	10.2139/ssrn.2142417 [DOI]
Classification:	D59 - General Equilibrium and Disequilibrium. Other ; E19 - General Aggregative Models. Other
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013090275