Inquiry Into The Dynamic Analysis Of Competetive Equilibrium Of Economy

Marko Backovic and Zoran Popovic

Montenegrin Journal of Economics, 2005, vol. 1, issue 2, 41-56

Abstract: In this paper we analyse models of general economic equilibrium that are based on already defined mathematical relations of Arrow-Debreu model of general equilibrium that try to make that model more realistic. In other words, we will give review of two models in which basic Arrow-Debreu model of general equilibrium is extended in way to include time and uncertainty dimensions as a possible natural state of economic system.

Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:mje:mjejnl:v:1:y:2005:i:2:p:41-56

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