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mathematically advanced over a number of years: the general equilibrium theory of markets, and social choice theory, which examines … examine political-economic: issues of democracy, it has made little use of the former, the theory of market behaviour …
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structural stability and local uniqueness of equilibrium in smooth infinite economies and relate the theory of markets to modern … Fredholm theory …
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This article summarizes the theory of markets under uncertainty that Arrow and Debreu created, its achievements and the … useful developments of this theory. It mentions the theory of insurance that Arrow pioneered together with Malinvaud and … others, and Arrow's theory of risk bearing that follows the axiomatic treatment of Von Neumann and Morgenstern, Milnor …
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