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gptkbp:instanceOf
|
gptkb:economic_policy
|
|
gptkbp:alsoKnownAs
|
gptkb:Walrasian_equilibrium
|
|
gptkbp:assumes
|
perfect competition
rational agents
complete markets
|
|
gptkbp:basisFor
|
financial economics
asset pricing theory
computational general equilibrium models
|
|
gptkbp:describes
|
allocation of goods and prices in an economy
|
|
gptkbp:field
|
general equilibrium theory
|
|
gptkbp:form
|
fixed point theorem
|
|
https://www.w3.org/2000/01/rdf-schema#label
|
Arrow-Debreu equilibrium
|
|
gptkbp:influenced
|
modern economic theory
|
|
gptkbp:namedAfter
|
gptkb:Kenneth_Arrow
gptkb:Gérard_Debreu
|
|
gptkbp:publishedBy
|
gptkb:Kenneth_Arrow
gptkb:Gérard_Debreu
|
|
gptkbp:publishedIn
|
1954
|
|
gptkbp:relatedTo
|
gptkb:Pareto_efficiency
gptkb:First_Fundamental_Theorem_of_Welfare_Economics
gptkb:Second_Fundamental_Theorem_of_Welfare_Economics
|
|
gptkbp:requires
|
convex preferences
finite number of agents
finite number of goods
|
|
gptkbp:result
|
existence of equilibrium under certain conditions
|
|
gptkbp:usedIn
|
welfare economics
microeconomics
|
|
gptkbp:bfsParent
|
gptkb:Arrow-Debreu_model
|
|
gptkbp:bfsLayer
|
7
|