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gptkbp:instanceOf
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gptkb:economic_policy
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gptkbp:alsoKnownAs
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general equilibrium
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gptkbp:assumes
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perfect competition
rational agents
complete markets
convex preferences
finite number of agents
finite number of goods
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gptkbp:basisFor
|
modern general equilibrium theory
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gptkbp:describes
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state of the economy where supply equals demand in all markets
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gptkbp:field
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economics
mathematical economics
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gptkbp:influenced
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welfare economics
financial economics
microeconomic theory
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|
gptkbp:introduced
|
gptkb:Kenneth_Arrow
gptkb:Gérard_Debreu
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gptkbp:introducedIn
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1954
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gptkbp:mathematicallyFormulatedBy
|
gptkb:system_of_equations
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gptkbp:namedAfter
|
gptkb:Kenneth_Arrow
gptkb:Gérard_Debreu
|
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gptkbp:provenBy
|
existence of equilibrium under certain conditions
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gptkbp:publishedIn
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gptkb:Econometrica
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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
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gptkbp:bfsParent
|
gptkb:Arrow–Debreu_model
gptkb:Drèze_equilibrium
gptkb:Radner_equilibrium
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gptkbp:bfsLayer
|
8
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|
https://www.w3.org/2000/01/rdf-schema#label
|
Arrow–Debreu equilibrium
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