The concept of general equilibrium, one of the central components of economic theory, explains the behavior of supply … properties for this theory have developed over time to accommodate and incorporate developments in economic theory, from multiple … markets and economic agents to theories of production.Yves Balasko offers an extensive, up-to-date look at the standard theory …

game theory and applications. The editors focus on a select set of issues that stand high on the agenda of academic … understanding of the dilemmas posed for theory and policy. Readers are offered new empirical evidence on such thorny social problems …