Titlebook: Equilibrium and Disequilibrium in Economic Theory; Proceedings of a Con Gerhard Schwödiauer Conference proceedings 1978 D. Reidel Publishin

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Daniel Hinton,Debbie Stevens-Gillconsumer theory. In this model, many variables (such as industry outputs, nonlabour income, the price of capital services, etc.) were taken to be exogenous when in fact they should be endogenously determined within the model. (In fact in the neoclassical framework, the only exogenous variables are t

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Jonathan Tan,Mike Katchabaw,Damir Slogareral economic equilibrium.. His work was without doubt a turning point in the history of economic thought and the transformation of economics into a true science. For the first time, an over-all synthesis of economic equilibrium was presented in the framework of a general model, ... By putting Walra

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https://doi.org/10.1007/978-1-4471-2879-3 rates of substitution and increasing returns in the Arrow-Debreu model (cf. Starr [7], Arrow-Hahn [1]). Nonconvexities are also inherent in transactions (Heller [4], Heller-Starr [6]) and in models of optimal taxation with administrative cost (Heller-Shell [5]). Nonconvexities also arise in the theory of externalities (Starrett [8]).

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Continuity in General Nonconvex Economies (with Applications to the Convex Case) rates of substitution and increasing returns in the Arrow-Debreu model (cf. Starr [7], Arrow-Hahn [1]). Nonconvexities are also inherent in transactions (Heller [4], Heller-Starr [6]) and in models of optimal taxation with administrative cost (Heller-Shell [5]). Nonconvexities also arise in the theory of externalities (Starrett [8]).