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

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Walrass Law and the concept of a Walrasian equilibrium state refer to two key economic concepts that originate from the work of the 19thcentury French ...View the full answer

Microeconomics Static And Dynamic Analysis Springer Texts In Business And Economics

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