Statements (23)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
auction type
|
| gptkbp:alsoKnownAs |
gptkb:Walrasian_tâtonnement
|
| gptkbp:assumes |
perfect information
no transaction costs price-taking agents |
| gptkbp:describes |
market-clearing process
|
| gptkbp:field |
economics
|
| gptkbp:form |
system of equations
|
| gptkbp:goal |
market equilibrium
|
| https://www.w3.org/2000/01/rdf-schema#label |
Walrasian auction
|
| gptkbp:influenced |
microeconomics
modern auction theory |
| gptkbp:involves |
gptkb:market
bidders |
| gptkbp:namedAfter |
gptkb:Léon_Walras
|
| gptkbp:originatedIn |
19th century
|
| gptkbp:processor |
iterative price adjustment
|
| gptkbp:relatedTo |
competitive equilibrium
tâtonnement process |
| gptkbp:studiedBy |
mathematical economists
|
| gptkbp:usedIn |
general equilibrium theory
|
| gptkbp:bfsParent |
gptkb:Léon_Walras
|
| gptkbp:bfsLayer |
5
|