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Why the Edgeworth Process Assumption Isn't That Bad.

Madden, Paul - In: Review of Economic Studies 45 (1978) 2, pp. 279-83

Persistent link: https://www.econbiz.de/10005312717

Uniqueness of Non-Walrasian Equilibrium in the Macroeconomic Model with Decreasing or Increasing Returns.

Madden, Paul - In: Review of Economic Studies 52 (1985) 4, pp. 703-13

Persistent link: https://www.econbiz.de/10005161356

Catastrophic Walrasian Equilibrium from the Non-Walrasian Viewpoint: A Three-Good Macroeconomic Example.

Madden, Paul - In: Review of Economic Studies 49 (1982) 4, pp. 661-67

Persistent link: https://www.econbiz.de/10005672897

A Disequilibrium Rational Expectations Model with Walrasian Prices and Involuntary Unemployment.

Madden, Paul - In: Review of Economic Studies 59 (1992) 4, pp. 831-44

A fixprice, non-Walrasian temporary equilibrium that coexists with the Walrasian equilibrium at Walrasian temporary equilibrium prices has been called "unsatisfactory" by F. Hahn (1977). If consumers live and work for two periods, expectations of future unemployment easily (in particular with...

Persistent link: https://www.econbiz.de/10005672914