Search Results - subject:"walras"

Edgeworth and Walras equilibria of an arbitrage-free exchange economy

Allouch, Nizar; Florenzano, Monique - In: Economic Theory 23 (2004) 2, pp. 353-370

In this paper, we first give a direct proof of the existence of Edgeworth equilibria for exchange economies with consumption sets which are (possibly) unbounded below. The key assumption is that the individually rational utility set is compact. It is worth noticing that the statement of this...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10005370865

Equality of Demand and Supply Neither Determines Price Nor Clears the Market

Gani, Mohammad - EconWPA - 2004

The belief that equality of demand and supply determines price and clears the market is universal. Shockingly, this belief is unfounded. It contradicts macro’s claim that equality of demand and supply determines output. It contradicts (new) monetary theory, which claims that equality of demand...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10005413280

The History of Macroeconomics Viewed against the Background of the Marshall-Walras Divide

Vroey, Michel De - In: History of Political Economy 36 (2004) 5, pp. 57-91

Persistent link: https://ebvufind01.dmz1.zbw.eu/10010569501

Les relations économie-histoire et le statut scientifique des sciences sociales chez Hicks et Schumpeter

Dufourt, Daniel - HAL - 1992

thèses s'opposent qui trouvent leur origine dans les oeuvres de L.Walras et Menger. Après avoir rendu compte de deux modes d …

Persistent link: https://ebvufind01.dmz1.zbw.eu/10008791721

Core and Walrasian equilibria when agents' characteristics are extremely dispersed

Podczeck, Konrad - In: Economic Theory 22 (2003) 4, pp. 699-725

It is shown that core-Walras equivalence fails whenever the commodity space is a non-separable Banach space. The … interpretation is that a large number of agents guarantees core-Walras equivalence only if there is actually a large number of agents … extremely dispersed, so that the standard theory of perfect competition fails. Supplementing the core-Walras non …

Persistent link: https://ebvufind01.dmz1.zbw.eu/10005371115

Arbitrary small indivisibilities

Florig, Michael - In: Economic Theory 22 (2003) 4, pp. 831-843

Arbitrary small indivisibilities may play an important role when the strong survival assumption does not hold. A hierarchic price is a finite ordered family of price vectors <InlineEquation ID="Equ1"> <EquationSource Format="TEX"><![CDATA[$\{p_1,\ldots ,p_k\}$]]></EquationSource> </InlineEquation>. It extends the notion of exchange values proposed by Gay [15]. These price notions were introduced in order to...</equationsource></inlineequation>

Persistent link: https://ebvufind01.dmz1.zbw.eu/10005371167

Nash and Walras equilibrium via Brouwer

Geanakoplos, John - In: Economic Theory 21 (2003) 2, pp. 585-603

Persistent link: https://ebvufind01.dmz1.zbw.eu/10005753300

Ethics, Engineering, and Natural Monopoly: The “Modern Debate” between Léon Walras and Jules Dupuit

Robert B. Ekelund Jr.; Hébert, Robert F. - In: History of Political Economy 35 (2003) 4, pp. 655-678

Persistent link: https://ebvufind01.dmz1.zbw.eu/10010571046

William ¬Jaffé's essays on Walras

Jaffé, William - 1983

Persistent link: https://ebvufind01.dmz1.zbw.eu/10004556266

Yet another look at Leon Walras's theory of tatonnement

Bridel, Pascal; Huck, Elisabeth - In: The European Journal of the History of Economic Thought 9 (2002) 4, pp. 513-540

played by the distributional neutrality of tatonnement in Walras's pure theory of exchange. Part 2 extends this discussion to … Walras's attempts at reaching a similar result when dealing with the successive versions of his theory of production before … 1900. Part 3 contrasts Walras's and Edgeworth's respective technologies of exchange in order to demonstrate that a …

Persistent link: https://ebvufind01.dmz1.zbw.eu/10005505426