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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
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gptkb:fundamental_theorems_of_welfare_economics
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gptkbp:citation
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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
gptkb:convex_analysis
fixed-point theorem
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gptkbp:influenced
|
modern microeconomics
|
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gptkbp:influencedBy
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gptkb:John_von_Neumann
gptkb:Oskar_Morgenstern
gptkb:Léon_Walras
|
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gptkbp:introducedIn
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1954
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gptkbp:namedAfter
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gptkb:Kenneth_Arrow
gptkb:Gérard_Debreu
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gptkbp:provenBy
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existence of general equilibrium
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gptkbp:publishedIn
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gptkb:Econometrica
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gptkbp:relatedTo
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gptkb:Walrasian_equilibrium
gptkb:Pareto_efficiency
competitive equilibrium
|
|
gptkbp:usedIn
|
welfare economics
market design
financial economics
asset pricing theory
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gptkbp:bfsParent
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gptkb:Sonnenschein–Mantel–Debreu_theorem
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gptkbp:bfsLayer
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7
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https://www.w3.org/2000/01/rdf-schema#label
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Arrow–Debreu model
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