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gptkbp:instanceOf
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gptkb:economic_policy
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gptkbp:alsoKnownAs
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gptkb:Arrow–Debreu_equilibrium
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gptkbp:assumes
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perfect competition
rational agents
complete markets
no externalities
convex preferences
finite number of agents
finite number of goods
no increasing returns to scale
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|
gptkbp:basisFor
|
gptkb:fundamental_theorems_of_welfare_economics
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gptkbp:citation
|
gptkb:Nobel_Prize_in_Economics_1972_(Kenneth_Arrow)
gptkb:Nobel_Prize_in_Economics_1983_(Gérard_Debreu)
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gptkbp:describes
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existence of equilibrium in competitive markets
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gptkbp:field
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economics
general equilibrium theory
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gptkbp:form
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gptkb:topology
fixed-point theorem
convex analysis
|
|
https://www.w3.org/2000/01/rdf-schema#label
|
Arrow–Debreu model
|
|
gptkbp:influenced
|
modern microeconomics
|
|
gptkbp:influencedBy
|
gptkb:John_von_Neumann
gptkb:Oskar_Morgenstern
gptkb:Léon_Walras
|
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gptkbp:introducedIn
|
1954
|
|
gptkbp:namedAfter
|
gptkb:Kenneth_Arrow
gptkb:Gérard_Debreu
|
|
gptkbp:provenBy
|
existence of general equilibrium
|
|
gptkbp:publishedIn
|
gptkb:Econometrica
|
|
gptkbp:relatedTo
|
gptkb:Walrasian_equilibrium
gptkb:Pareto_efficiency
competitive equilibrium
|
|
gptkbp:usedIn
|
welfare economics
market design
financial economics
asset pricing theory
|
|
gptkbp:bfsParent
|
gptkb:Sonnenschein–Mantel–Debreu_theorem
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gptkbp:bfsLayer
|
7
|