Statements (52)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
economic model
|
| gptkbp:associated_with |
allocative efficiency
|
| gptkbp:claims |
perfect competition
|
| gptkbp:concept |
modern economic theory
economic interactions |
| gptkbp:dependency |
perfect information
|
| gptkbp:description |
general equilibrium theory
|
| gptkbp:expansion |
subsequent economic theories
|
| gptkbp:facilitates |
market clearing
|
| https://www.w3.org/2000/01/rdf-schema#label |
Walrasian auctioneer
|
| gptkbp:is_a_document_that |
guides economic analysis
simplifies real-world markets |
| gptkbp:is_a_model_for |
consumer behavior
labor markets the concept of equilibrium utility maximization economic simulations price formation general equilibrium models homogeneous goods rational agents evaluate policy interventions explains market dynamics its assumptions about rationality price takers study market failures supply and demand equilibrium the role of competition the role of information in markets various market structures |
| gptkbp:is_a_platform_for |
analyzing competitive markets
understand market outcomes |
| gptkbp:is_a_subject_of |
neoclassical economics
welfare economics economic policy debates |
| gptkbp:is_a_way_to |
price determination
|
| gptkbp:is_characterized_by |
simultaneous price adjustment
|
| gptkbp:is_designed_to |
in economics
|
| gptkbp:is_integrated_with |
economic theory
|
| gptkbp:is_involved_in |
resource allocation
|
| gptkbp:is_part_of |
market theory
|
| gptkbp:is_referenced_in |
economic literature
|
| gptkbp:is_studied_in |
supply and demand
|
| gptkbp:is_used_in |
market efficiency
microeconomic theory |
| gptkbp:key_figure |
gptkb:Walrasian_economics
|
| gptkbp:operates_in |
gptkb:Walras'_law
|
| gptkbp:previousName |
gptkb:Léon_Walras
|
| gptkbp:recognizes |
prices in a market
|
| gptkbp:related_to |
Pareto efficiency
|
| gptkbp:relatedApplication |
public economics
|
| gptkbp:theory |
price volatility
|