Question: What are the basic differences between the static Arrow-Debreu-McKenzie model and the static model of a market of two goods with exogenous functions of the

What are the basic differences between the static Arrow-Debreu-McKenzie model and the static model of a market of two goods with exogenous functions of the supply and of the demand?

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The ArrowDebreuMcKenzie ADM model and the static model of a market with two goods and exogenous supply and demand functions are two classic economic p... View full answer

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