Competitive Equilibrium
نویسنده
چکیده
This report includes a modern account of welfare economics and competitive equilibrium theory. In particular, competitive, or Walrasian, equilibrium is defined. Moreover, existence, optimality, and uniqueness are demonstrated. However, no reliable mechanism for computing equilibrium prices is suggested. At this stage, the problem shifts from the realm of economics to an algorithmic problem in computer science.
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تاریخ انتشار 2004