Marshallvs. Walras on Equilibrium and Disequilibrium
نویسندگان
چکیده
منابع مشابه
Marshall vs. Walras on Equilibrium and Disequilibrium
In this paper I critically analyse the view that John Hicks sought to establish, according to which Walras’ and Marshall’s approaches to price theory, while differing in scope (that is, general vs. partial analysis), are basically similar in their aims, presuppositions and results. By focusing on a special kind of economy (the pure-exchange, two-commodity economy), which has been formally studi...
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In this paper, we respecify à la Cournot-Walras the mixed version of a model of noncooperative exchange, originally proposed by Lloyd S. Shapley. We first show that this respecification has a Cournot-Walras equilibrium allocation, which does not correspond to any CournotNash equilibrium of the mixed version of the original Shapley’s model. As this is due to the intrinsic two-stage nature of the...
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ژورنال
عنوان ژورنال: History of Economics Review
سال: 2008
ISSN: 1037-0196,1838-6318
DOI: 10.1080/18386318.2008.11682129