Static and dynamic market disequilibrium
The static and dynamic market disequilibrium are presented as follows: the Edgeworth box is discussed in order to demonstrate the advantage of the role of negotiations on the market to the tatonnament role in the Walrasian static equilibrium model. In this context the equilibrium method devised by Marshall is an acceptable solution of the Edgeworth ambiguity. The idea of the static disbalance of Edgeworth is substantiated. This concept is projected in the dynamic perception of the Walras-X. The comment is summed up.
Year of publication: |
2011
|
---|---|
Authors: | Radev, Juli |
Published in: |
Economic Thought journal. - Economic Research Institute, ISSN 0013-2993. - 2011, 2, p. 36-63
|
Publisher: |
Economic Research Institute |
Saved in:
Online Resource
Saved in favorites
Similar items by subject
-
Computing Alternating Offers and Water Prices in Bilateral River Basin Management
Houba, Harold, (2006)
-
European Union Economy System Dynamic Model Development
Skribans, Valerijs, (2012)
-
A fresh look on economic evolution from kinetic viewpoint
Lehmann-Waffenschmidt, Marco, (2003)
- More ...