What are the basic differences between the static Arrow-Debreu-McKenzie model and the static model of a market

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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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Microeconomics Static And Dynamic Analysis Springer Texts In Business And Economics

ISBN: 9783031105531

1st Edition

Authors: Krzysztof Malaga, Karolina Sobczak

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Question Posted: Jan 31, 2024 02:00 AM

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What are the basic differences between the static Arrow-Debreu-McKenzie model and the static model of a market

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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 the full answer

Microeconomics Static And Dynamic Analysis Springer Texts In Business And Economics

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