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Arrow-Debreu Equilibrium/Ushahidi
Rekodi ya ushahidi wa mbinu

Arrow-Debreu Equilibrium

The Arrow-Debreu model is a general equilibrium framework where prices adjust to clear all markets simultaneously, and consumers and firms optimize given those prices. Introduced by Kenneth Arrow and Gerard Debreu in 1954, the model extends Adam Smith's invisible hand concept into a rigorous mathematical framework. Arrow-Debreu equilibrium proves existence, uniqueness (under certain conditions), and Pareto efficiency of competitive equilibria.

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Rekodi ya chanzo

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Arrow-Debreu General Equilibrium with Complete Markets
Rekodi ya mbinu ya kiajenda · ml-model / game-theory
  • Arrow, K. J., & Debreu, G. (1954). Existence of an equilibrium for competitive economies. Econometrica, 22(3), 265-290. · DOI 10.2307/1907353
  • Debreu, G. (1959). Theory of Value: An Axiomatic Analysis of Economic Equilibrium. Yale University Press. · URL
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Taxonomic bucketBayesian Nash Equilibriummachine-suggested · Relational suggestion, not evidence.Taxonomic bucketCournot Competitionmachine-suggested · Relational suggestion, not evidence.Taxonomic bucketNash Equilibriummachine-suggested · Relational suggestion, not evidence.Taxonomic bucketVCG Mechanismmachine-suggested · Relational suggestion, not evidence.

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