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Competitive equilibrium

Competitive equilibrium (also called: Walrasian equilibrium) is a concept of economic equilibrium, introduced by Kenneth Arrow and Gérard Debreu in 1951, appropriate for the analysis of commodity markets with flexible prices and many traders, and serving as the benchmark of efficiency in economic analysis. It relies crucially on the assumption of a…

Regions, Existence of a competitive equilibrium & Examples

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Definitions

Examples

Indivisible items

Existence of a competitive equilibrium

Finding an equilibrium

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Competitive equilibrium

Nodes51
Edges50
Triples42
Avg. degree1.96
Density0.039216
Components1

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Competitive equilibrium

Top relations

related to The competitive equilibrium and allocative efficiency · 7
Competitive equilibrium → At, By, CE, Furthermore, Pareto, This, Varian's
related to Definition 2 · 6
Competitive equilibrium → Also, An, Every, Given, The, This
related to Finding an equilibrium · 6
Competitive equilibrium → English, GS, In, Several, Such, Walrasian
related to Indivisible items · 6
Competitive equilibrium → Delta, Given, GS, If, In, This
related to Definitions · 5
Competitive equilibrium → An, CE, For, It, Usually
related to References · 5
Competitive equilibrium → Economic Theory, Non-computability, Richter, S2CID, Wong
related to External links · 3
Competitive equilibrium → Competitive, Economics Stack Exchange, Walrasian
related to Welfare theorems for indivisible item assignment · 3
Competitive equilibrium → Any, If, In
is a · 1
Competitive equilibrium → price function P and an allocation matrix X such that

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Important terminology

displaystyle equilibrium price competitive utility items demand agents prices item function ce vector also market bundle agent car auction goods

Entity relationships Subject–Predicate–Object triples

SubjectPredicateObjectConfidenceSrc
Competitive equilibriumis aprice function P and an allocation matrix X such that0.90text
Competitive equilibriumrelated to Definition 2This0.60section
Competitive equilibriumrelated to Definition 2Also0.60section
Competitive equilibriumrelated to Definition 2An0.60section
Competitive equilibriumrelated to Definition 2Given0.60section
Competitive equilibriumrelated to Definition 2The0.60section
Competitive equilibriumrelated to Definition 2Every0.60section
Competitive equilibriumrelated to DefinitionsCE0.60section
Competitive equilibriumrelated to DefinitionsIt0.60section
Competitive equilibriumrelated to DefinitionsUsually0.60section
Competitive equilibriumrelated to DefinitionsAn0.60section
Competitive equilibriumrelated to DefinitionsFor0.60section

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