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Jevons, Jenkin, and Walras on demand-and-supply analysis in the theory of exchange

Donzelli, Franco - 2009

Persistent link: https://www.econbiz.de/10011700877

Selecting a Unique Competitive Equilibrium with Default Penalties

Qin, Cheng-Zhong - 2009

The enlargement of the general-equilibrium structure to allow default subject to penalties results in a construction of a simple mechanism for selecting a unique competitive equilibrium. We consider economies for which a common credit money can be applied to uniquely select any competitive...

Persistent link: https://www.econbiz.de/10013158128

Approximate Solutions of the Walrasian Equilibrium Inequalities with Bounded Marginal Utilities of Income

Brown, Donald - 2014

Recently Cherchye et al. (2011) reformulated the Walrasian equilibrium inequalities, introduced by Brown and Matzkin (1996), as an integer programming problem and proved that solving the Walrasian equilibrium inequalities is NP-hard. Brown and Shannon (2002) derived an equivalent system of...

Persistent link: https://www.econbiz.de/10013049146

Approximate Solutions of Walrasian Equilibrium Inequalities with Bounded Marginal Utilities of Income

Brown, Donald - 2014

Persistent link: https://www.econbiz.de/10013046119

Robertson and the Cambridge Approach to Utility and Welfare

Boianovsky, Mauro - 2014

The paper investigates Dennis Robertson's effort to defend the Cambridge utilitarian tradition against the “new welfare economics”, developed in the 1930s and 1940s on the basis of Lionel Robbins's influential criticism of the scientific legitimacy of interpersonal comparisons of utility. It...

Persistent link: https://www.econbiz.de/10013064319

Ludwig M. Lachmann Against the Cambridge School. Macroeconomics, Microfoundations, Expectations, Rate of Profit, Equilibrium and Innovations

Ferlito, Carmelo - 2015

Persistent link: https://www.econbiz.de/10013015506

Marginal Utility Considered as a Return to Past Traditions

Stomper, Richard - 2017

This paper examines the marginal utility as a theory of value in comparison with the theories which preceded it. It … compares in detail the utility theory with the predominant theory of value of classical economics, a cost theory which saw … marginal theory did more than just revolutionize the then current economic thinking. It was able to hark back to the best of …

Persistent link: https://www.econbiz.de/10012951391