Each system owns different resources which need to be prioritized for bringing economic equilibrium in the society …. This study identifies equilibrium in economic development and its relationship with social capital. Inter temporal … four systems. Markov process makes it possible to observe whether the systems reach their respective equilibrium positions …

Constant returns to scale (CRS) is one of the corner-stones of the competitive general equilibrium paradigm of … neoclassical economics. This note argues that the equilibrium solutions of this paradigm are not compatible with CRS. CRS implies …

This paper studies the effect of free disposal on the existence of Walrasian equilibrium for exchange economies with … indivisible objects. It is shown that allowing an agent to enjoy free disposal has the same effect for generating an equilibrium … (or eliminating existing equilibria) as allowing every agent to enjoy free disposal. A new equilibrium existence theorem …

basic thrust of this paper is to evaluate monetary policy - tradeoffs using a dynamic stochastic general equilibrium …

relying on first order conditions, the authors demonstrate existence of Nash equilibrium and an extension of Warr's neutrality … result -- any redistribution of endowment that left the set of contributors unchanged would induce a new equilibrium with the … the strategic market game equilibrium to the private provision of equilibrium of Villanaci and Zenginobuz (2005), which …

equilibrium, and that the largest competitive price of each object is equal to its contribution to the social welfare. Our … similarity class contains an economy with an equilibrium, each economy in this class also has an equilibrium. …

guaranteed existence of Walrasian equilibrium. In this paper, we analyze the ranges of variation for agents' preferences that … will guarantee the existence of equilibrium when some agents' preferences are known to satisfy the substitutability … classes such that whenever a weak similarity class contains an economy with an equilibrium, each economy in this class also …

Since Lėon Walras neoclassical economists hold an inalterable belief in a unique and stable equilibrium for the … a stable equilibrium. In a complex nonlinear deterministic systems, equilibria, whether multiple or deterministically …