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Microeconomic aspects of the theory of general equilibrium of production and exchange

Authors :
Eva Pataki
Andras Sagi
Source :
SISY
Publication Year :
2012
Publisher :
IEEE, 2012.

Abstract

The work deals with the comparative and critical analysis of macroeconomic aspects of general equilibrium theory. It is about the problem of general equilibrium in production, general equilibrium in exchange and the problems of simultaneous equilibrium in production and exchange. The research of cited problems contributes to a better understanding the complete economic mechanisms. Besides, general equilibrium model represents the basis for considering welfare economics and the optimization theory of contemporary market economies.

Details

Database :
OpenAIRE
Journal :
2012 IEEE 10th Jubilee International Symposium on Intelligent Systems and Informatics
Accession number :
edsair.doi...........8fc77b86a2edd868be06c57ef6d15998