The general equilibrium model: static or sterile? El modelo de equilibrio general: ¿estático o estéril?
The Arrow-Debreu model is, of course, a static model; however, that is not its main weakness. This article tries to show that the<br />interpretation of Lozano, Villa, and Monsalve about the extent and the content of this model contains some errors which hide the sterility of the Arrow...
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| Format: | Article |
| Language: | English |
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Universidad Nacional de Colombia
1997-12-01
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| Series: | Cuadernos de Economía |
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| Online Access: | http://www.revistas.unal.edu.co/index.php/ceconomia/article/view/12607 |