Walrasian tâtonnement

GPTKB entity

Statements (16)
Predicate Object
gptkbp:instanceOf economic theory concept
gptkbp:aimsToFind market equilibrium prices
gptkbp:assumes no trade out of equilibrium
gptkbp:contrastsWith non-tâtonnement processes
gptkbp:criticizedFor lack of realism
gptkbp:describedBy gptkb:Léon_Walras
gptkbp:describes price adjustment process
https://www.w3.org/2000/01/rdf-schema#label Walrasian tâtonnement
gptkbp:influenced modern equilibrium analysis
gptkbp:involves gptkb:market
gptkbp:originatedIn 19th century
gptkbp:relatedTo general equilibrium theory
gptkbp:usedIn mathematical economics
microeconomics
gptkbp:bfsParent gptkb:Walrasian_auction
gptkbp:bfsLayer 6