The general equilibrium model: static or sterile?
The Arrow-Debreu model is, of course, a static model; however, that is not its main weakness. This article tries to show that theinterpretation of Lozano, Villa, and Monsalve about the extent and the content of this model contains some errors which hide the sterility of the Arrow-Debreu Model-- that...
- Autores:
-
Cataño, José Félix
- Tipo de recurso:
- Article of journal
- Fecha de publicación:
- 1997
- Institución:
- Universidad Nacional de Colombia
- Repositorio:
- Universidad Nacional de Colombia
- Idioma:
- spa
- OAI Identifier:
- oai:repositorio.unal.edu.co:unal/48134
- Acceso en línea:
- https://repositorio.unal.edu.co/handle/unal/48134
http://bdigital.unal.edu.co/41493/
- Palabra clave:
- Modelo de equilibrio
estático
estéril
modelo Arrow-Debreu
mercado estático
perfecto
convergencia
subastador
precios
valor
demanda
mercancias
- Rights
- openAccess
- License
- Atribución-NoComercial 4.0 Internacional
| Summary: | The Arrow-Debreu model is, of course, a static model; however, that is not its main weakness. This article tries to show that theinterpretation of Lozano, Villa, and Monsalve about the extent and the content of this model contains some errors which hide the sterility of the Arrow-Debreu Model-- that is, its incapacity to resolve the problem which gave rise to it: the coordination of independent individuals in a static and perfect market. |
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