What is the difference between the Walrasian equilibrium state and Walras's law in the static Arrow-Debreu-McKenzie model?

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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 is the difference between the Walrasian equilibrium state and Walras's law in the static Arrow-Debreu-McKenzie model?

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The ArrowDebreuMcKenzie ADM model is a mathematical model that represents economies that have complete markets Walrass law and the Walrasian equilibri...View the full answer

Microeconomics Static And Dynamic Analysis Springer Texts In Business And Economics

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