- 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...
-
amplified by
Joseph Schumpeter. For Walras,
exchanges only take
place after a
Walrasian tâtonnement (French for "trial and error"),
guided by the auctioneer,...
- 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...
-
Competitive equilibrium (also called:
Walrasian equilibrium) is a
concept of
economic equilibrium,
introduced by
Kenneth Arrow and Gérard
Debreu in 1951...
- in the
context of
partial equilibrium theory, it is
sometimes called Walrasian demand as used in
general equilibrium theory (named
after Léon Walras)...
- In economics,
specifically general equilibrium theory, a
perfect market, also
known as an
atomistic market, is
defined by
several idealizing conditions...
- Ben-Zwi, Oren; Lavi, Ron; Newman, Ilan (2013). "Ascending
auctions and
Walrasian equilibrium". arXiv:1301.1153 [cs.GT]. Mierendorff,
Konrad (2013). "The...
-
various schools of thought,
including what he and
others refer to as post-
Walrasian economics. Bowles, the son of U.S. Amb****ador and
Connecticut Governor...
- Hahn's main
abiding concerns was the
understanding of
Keynesian (Non-
Walrasian)
outcomes in
general equilibrium situations.
Frank Hahn was born on 26...
- exists.
Economists call the
solution to the
utility maximization problem a
Walrasian demand function or correspondence. The
utility maximization problem has...
