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The current non-status of general equilibrium theory

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  • Donald Katzner

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  • Donald Katzner, 2010. "The current non-status of general equilibrium theory," Review of Economic Design, Springer;Society for Economic Design, vol. 14(1), pages 203-219, March.
    • Handle: RePEc:spr:reecde:v:14:y:2010:i:1:p:203-219
    DOI: 10.1007/s10058-008-0069-0
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    References listed on IDEAS

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    1. Mantel, Rolf R., 1974. "On the characterization of aggregate excess demand," Journal of Economic Theory, Elsevier, vol. 7(3), pages 348-353, March.
    2. Smale, Stephen, 1976. "Exchange processes with price adjustment," Journal of Mathematical Economics, Elsevier, vol. 3(3), pages 211-226, December.
    3. Donald W. Katzner, 2006. "An Introduction to the Economic Theory of Market Behavior," Books, Edward Elgar Publishing, number 3937.
    4. Franklin M. Fisher, 1972. "On Price Adjustment without an Auctioneer," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 39(1), pages 1-15.
    5. Debreu, Gerard, 1974. "Excess demand functions," Journal of Mathematical Economics, Elsevier, vol. 1(1), pages 15-21, March.
    6. Sonnenschein, Hugo, 1972. "Market Excess Demand Functions," Econometrica, Econometric Society, vol. 40(3), pages 549-563, May.
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    Cited by:

    1. Sean Crockett, 2013. "Price Dynamics In General Equilibrium Experiments," Journal of Economic Surveys, Wiley Blackwell, vol. 27(3), pages 421-438, July.
    2. Mathieu Moslonka-Lefebvre & Herv'e Monod & Christopher A. Gilligan & Elisabeta Vergu & Jo~ao A. N. Filipe, 2013. "Epidemics in markets with trade friction and imperfect transactions," Papers 1310.6320, arXiv.org.

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    More about this item

    Keywords

    General equilibrium; Price determination; D50;
    All these keywords.

    JEL classification:

    • D50 - Microeconomics - - General Equilibrium and Disequilibrium - - - General

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