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In economics, general equilibrium theory attempts to explain the behavior of supply, demand, and prices in a whole economy with several or many interacting markets, by seeking to prove that the interaction of demand and supply will result in an overall general equilibrium. General equilibrium theory contrasts with the theory of partial equilibrium, which…
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equilibrium general theory model prices economy equilibria models goods economics debreu theorem agents economic markets market production one arrow new
| Subject | Predicate | Object | Confidence | Src |
|---|---|---|---|---|
| Brouwer fixed-point theorem for functions | instance of | convexity excludes economies of scale.Proofs of the existence of equilibrium traditionally rely on fixed-point theorems | 0.80 | text |
| taxes | instance of | The model can include factors | 0.80 | text |
| money | instance of | The model can include factors | 0.80 | text |
| endogenous production functions | instance of | The model can include factors | 0.80 | text |
| and endogenous institutions | instance of | The model can include factors | 0.80 | text |
| etc | instance of | The model can include factors | 0.80 | text |
| General equilibrium theory | related to Further reading | Black | 0.60 | section |
| General equilibrium theory | related to Further reading | Fischer | 0.60 | section |
| General equilibrium theory | related to Further reading | Exploring General Equilibrium | 0.60 | section |
| General equilibrium theory | related to Further reading | Cambridge | 0.60 | section |
| General equilibrium theory | related to Further reading | Massachusetts | 0.60 | section |
| General equilibrium theory | related to Further reading | MIT Press | 0.60 | section |
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