- A
Walrasian auction,
introduced by Léon Walras, is a type of
simultaneous auction where each
agent calculates its
demand for the good at
every possible...
- The
theory reached its
modern form with the work of
Lionel W.
McKenzie (
Walrasian theory),
Kenneth Arrow and Gérard
Debreu (Hicksian theory) in the 1950s...
-
amplified by
Joseph Schumpeter. For Walras,
exchanges only take
place after a
Walrasian tâtonnement (French for "trial and error"),
guided by the auctioneer,...
- in the
context of
partial equilibrium theory, it is
sometimes called Walrasian demand as used in
general equilibrium theory (named
after Léon Walras)...
-
Competitive equilibrium (also called:
Walrasian equilibrium) is a
concept of
economic equilibrium,
introduced by
Kenneth Arrow and Gérard
Debreu in 1951...
- In economics,
specifically general equilibrium theory, a
perfect market, also
known as an
atomistic market, is
defined by
several idealizing conditions...
- Edgeworth,
stating that the core of an
economy shrinks to the set of
Walrasian equilibria as the
number of
agents increases to infinity. That is, among...
- short-period
equilibria has been
sometimes applied[by whom?] to post-
Walrasian equilibria. On
other occasions, Keynes's
notion of
equilibrium was mostly...
- rate of unemployment' ... is the
level that
would be
ground out by the
Walrasian system of
general equilibrium equations,
provided there is
embedded in...
- \mathbb {R} _{+}} , in
which case B {\displaystyle B} is also
known as the
Walrasian, or competitive,
budget set. The
budget set is
bounded above by a k {\displaystyle...
