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equilibrium theory passed its zenith in microeconomics at some point during the 1980s. This paper does not challenge either of … important relationships between Keynesian economics and Walrasian microeconomic theory that have not generally been recognized … within the literature. The first is that influence ran not only from Walrasian theory to Keynesian, but also from Keynesian …
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We revisit the Cournot–Bertrand debate in the light of Cournot, Edgeworth and Launhardt, tracing back to Launhardt the origin of price competition in duopoly models with constant returns to scale. Then, we discuss the formalisation of consumer utility function for differentiated products,...
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