Statements (19)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:economic_policy
|
| gptkbp:aimsTo |
Reach Market Equilibrium
|
| gptkbp:assumes |
No Trade Out of Equilibrium
|
| gptkbp:contrastsWith |
Non-Tâtonnement Process
|
| gptkbp:criticizedFor |
Lack of Realism
|
| gptkbp:describes |
Price Adjustment Mechanism
|
| gptkbp:field |
gptkb:Microeconomics
Economics |
| https://www.w3.org/2000/01/rdf-schema#label |
Tâtonnement Process
|
| gptkbp:influenced |
Modern Auction Theory
|
| gptkbp:involves |
Iterative Price Changes
|
| gptkbp:languageOfOrigin |
gptkb:French
|
| gptkbp:meaning |
Groping or Trial-and-Error Process
|
| gptkbp:proposedBy |
gptkb:Léon_Walras
|
| gptkbp:relatedTo |
Walrasian Auctioneer
|
| gptkbp:studiedIn |
gptkb:Mathematical_Economics
|
| gptkbp:usedIn |
gptkb:General_Equilibrium_Theory
|
| gptkbp:bfsParent |
gptkb:General_Equilibrium_Theory
|
| gptkbp:bfsLayer |
7
|