Statements (33)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:economic_policy
|
| gptkbp:alsoKnownAs |
general equilibrium
|
| gptkbp:assumes |
perfect competition
rational agents complete markets convex preferences finite number of agents finite number of goods |
| gptkbp:basisFor |
modern general equilibrium theory
|
| gptkbp:describes |
state of the economy where supply equals demand in all markets
|
| gptkbp:field |
economics
mathematical economics |
| https://www.w3.org/2000/01/rdf-schema#label |
Arrow–Debreu equilibrium
|
| gptkbp:influenced |
welfare economics
financial economics microeconomic theory |
| gptkbp:introduced |
gptkb:Kenneth_Arrow
gptkb:Gérard_Debreu |
| gptkbp:introducedIn |
1954
|
| gptkbp:mathematicallyFormulatedBy |
system of equations
|
| gptkbp:namedAfter |
gptkb:Kenneth_Arrow
gptkb:Gérard_Debreu |
| gptkbp:provenBy |
existence of equilibrium under certain conditions
|
| gptkbp:publishedIn |
gptkb:Econometrica
|
| gptkbp:relatedTo |
gptkb:Arrow–Debreu_model
gptkb:Walrasian_equilibrium gptkb:Pareto_efficiency general equilibrium theory |
| gptkbp:usedIn |
resource allocation
welfare theorems analysis of market economies |
| gptkbp:bfsParent |
gptkb:Drèze_equilibrium
|
| gptkbp:bfsLayer |
7
|