Accession Number : AD0630666


Title :   ECONOMIC EQUILIBRIUM


Descriptive Note : Technical rept.


Corporate Author : STANFORD UNIV CA INST FOR MATHEMATICAL STUDIES IN THE SOCIAL SCIENCES


Personal Author(s) : Arrow, Kenneth J


Full Text : http://www.dtic.mil/dtic/tr/fulltext/u2/630666.pdf


Report Date : 31 Mar 1966


Pagination or Media Count : 35


Abstract : A brief history of the concept of general economic equilibrium is presented, with special emphasis on the development of the field since 1932. This is followed by a fairly detailed survey of the present known results on the existence of competitive equilibrium and briefer surveys of other topics, specifically the optimality of competitive equilibrium, the concept of the core, uniqueness of competitive equilibrium, stability, comparative statics, and equilibrium over time. (Prepared for the 'International Encyclopedia of the Social Sciences')


Descriptors :   *ECONOMICS , COMMERCE , COSTS , HISTORY , STABILITY , THEORY


Subject Categories : Economics and Cost Analysis


Distribution Statement : APPROVED FOR PUBLIC RELEASE