Walrasian Equilibrium is a state in a competitive market economy, defined as an allocation of goods and a price system such that, given prices, each agent maximizes utility or profit subject to budget or production constraints, and aggregate demand equals aggregate supply for all goods in the economy.
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129
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2.3K
Existence of an Equilibrium for a Competitive Economy
Kenneth J. Arrow, Gérard Debreu · Econometrica · 1954 · 3.9K citations
A Non-cooperative Equilibrium for Supergames
James W. Friedman · The Review of Economic Studies · 1971 · 1.8K citations
The Structure of Simple General Equilibrium Models
Ronald W. Jones · Journal of Political Economy · 1965 · 1.3K citations
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983
University of Pennsylvania
Philadelphia, United States
28 h-index
52 publications
3.7K citations
Stanford University
Stanford, United States
28 h-index
56 publications
3.8K citations
Columbia University
New York, United States
23 h-index
33 publications
2.2K citations
Northwestern University
Evanston, United States
23 h-index
34 publications
4.2K citations
University of California, Berkeley
Berkeley, United States
23 h-index
36 publications
3.9K citations
Yale University
New Haven, United States
22 h-index
25 publications
2.4K citations
University of Minnesota
Minneapolis, United States
21 h-index
35 publications
1.9K citations
UCLouvain
Louvain-la-Neuve, Belgium
20 h-index
31 publications
1.5K citations
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- Journal of Economic Theory
JET · 219 publications · 16.4K citations
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- Econometrica
97 publications · 14.8K citations
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- Journal of Mathematical Economics
145 publications · 8.1K citations
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- The Review of Economic Studies
67 publications · 11.7K citations
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- Economic Theory
90 publications · 3.1K citations
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