EQUILIBRIO GENERAL NO COMPETITIVO CON FORMACIÓN ENDÓGENA DE PRECIOS

Edgar Villa, Julian Arévalo and Angélica Castro
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Edgar Villa: Universidad Externado de Colombia
Angélica Castro: Universidad Externado de Colombia

Microeconomics from EconWPA

Abstract: This article presents an equilibrium concept that, contrary to the traditional walrasian one, allows for the unbalance between supply and demand in different markets, making easier the analysis of those situations in which they differ persistently, as in the case of the labor market. Furthermore, the process of price setting becomes endogenous and it is shown that an equilibrium with endogenous price setting is a particular case of an equilibrium of fixed prices. Toward the end some examples are presented which help us to sustain these arguments.

Keywords: Equilibrio No-Walrasiano; Formación de Precios (search for similar items in EconPapers)
JEL-codes: D1 D2 D3 D4 (search for similar items in EconPapers)
Date: 2005-02-17
Note: Type of Document - pdf; pages: 37

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Persistent link: http://EconPapers.repec.org/RePEc:wpa:wuwpmi:0502005

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