A comprehensive model that demonstrates the existence of equilibrium in a competitive economy, incorporating decision-making by individual consumers and firms.
A comprehensive analysis of computable general equilibrium models and their application in economic theory.
An economic good available contingent upon specific events
A graphical device for depicting resource allocation in a two-consumer, two-good economy.
The state in which multiple markets in an economy are simultaneously in equilibrium.
The state in which multiple markets in an economy are simultaneously in equilibrium.
An examination of Walras's Law, which asserts that the value of excess demand in an economy is always zero.
