Statements (30)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:economic_policy
|
| gptkbp:alsoKnownAs |
gptkb:Arrow-Debreu_equilibrium
|
| gptkbp:assumes |
perfect competition
rational agents complete markets convex preferences private ownership of resources |
| gptkbp:basisFor |
gptkb:fundamental_theorems_of_welfare_economics
welfare theorems |
| gptkbp:criticizedFor |
unrealistic assumptions
ignoring market imperfections lack of dynamics |
| gptkbp:describes |
general equilibrium
|
| gptkbp:field |
economics
|
| gptkbp:form |
convex analysis
fixed-point theorems |
| https://www.w3.org/2000/01/rdf-schema#label |
Arrow-Debreu model
|
| gptkbp:influenced |
modern microeconomics
|
| gptkbp:introducedIn |
1954
|
| gptkbp:namedAfter |
gptkb:Kenneth_Arrow
gptkb:Gérard_Debreu |
| gptkbp:provenBy |
existence of equilibrium
|
| gptkbp:publishedIn |
gptkb:Econometrica
|
| gptkbp:relatedTo |
gptkb:Walrasian_equilibrium
gptkb:Pareto_efficiency general equilibrium theory |
| gptkbp:usedIn |
financial economics
asset pricing theory |
| gptkbp:bfsParent |
gptkb:Fisher_market
|
| gptkbp:bfsLayer |
6
|