Partial Equilibrium Analysis

Takashi Hayashi ()
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Takashi Hayashi: University of Glasgow

Chapter Chapter 19 in Microeconomic Theory for the Social Sciences, 2021, pp 275-281 from Springer

Abstract: Abstract We have worked in the previous chapters on the model in which demands match supplies for multiple goods simultaneously. To emphasize such simultaneity we call it general equilibrium model. It is hard to analyze the behavior of general equilibrium by hand, which is particularly the case when we need to deal with more goods. Thus it is hard to analyze the effects of policies such as taxation, subsidy and regulation in the way that we can see their implications to the allocations of ALL goods simultaneously.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-16-3541-0_19

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DOI: 10.1007/978-981-16-3541-0_19

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