方法证据记录
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.
源记录
引文逐字复制自方法源记录。这些引文不代表任何层级的验证。
Arrow-Debreu General Equilibrium with Complete Markets
分类方法记录 · 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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