Non competitive general equilibrium with endogenous price setting Equilibrio General no competitivo con formación endógena de precios
<p>This article presents an equilibrium concept that, contrary to the traditional walrasian one, allows for the unbalance between supply and demand in different markets, making easier the analysis of those situations in which they differ persistently, as in the case of the labor market...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Universidad Nacional de Colombia
2001-12-01
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| Series: | Cuadernos de Economía |
| Subjects: | |
| Online Access: | http://www.revistas.unal.edu.co/index.php/ceconomia/article/view/10594 |
| _version_ | 1818274846547640320 |
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| author | Castro Angélica Arévalo Julián Villa Edgar |
| author_facet | Castro Angélica Arévalo Julián Villa Edgar |
| author_sort | Castro Angélica |
| collection | DOAJ |
| description | <p>This article presents an equilibrium concept that, contrary to the traditional walrasian one, allows for the unbalance between supply and demand in different markets, making easier the analysis of those situations in which they differ persistently, as in the case of the labor market. Furthermore, the process of price setting becomes endogenous and it is shown that an equilibrium with endogenous price setting is a particular case of an equilibrium of fixed prices. Toward the end some examples are presented which help us to sustain these arguments.</p><br>En este artículo se presenta una 'concepción de equilibrio que, a<br />diferencia de la tradicional walrasiana, permite el desbalance<br />entre oferta y la demanda en los diferentes mercados facilitando<br />el análisis de situaciones en las cuales estas difieren persistentemente, como en el caso del mercado laboral. De igual forma, se hace endógeno el proceso de formación de precios y se muestra que un equilibrio con formación de precios endógena es un caso particular de un equilibrio de precio fijo. Hacia el final se presentan algunos ejemplos que ayudan a sustentar estos argumentos. |
| first_indexed | 2024-12-12T22:20:21Z |
| format | Article |
| id | doaj.art-fefe79110cc144b0a529991bab2b50a1 |
| institution | Directory Open Access Journal |
| issn | 0121-4772 |
| language | English |
| last_indexed | 2024-12-12T22:20:21Z |
| publishDate | 2001-12-01 |
| publisher | Universidad Nacional de Colombia |
| record_format | Article |
| series | Cuadernos de Economía |
| spelling | doaj.art-fefe79110cc144b0a529991bab2b50a12022-12-22T00:09:56ZengUniversidad Nacional de ColombiaCuadernos de Economía0121-47722001-12-0120351147Non competitive general equilibrium with endogenous price setting Equilibrio General no competitivo con formación endógena de preciosCastro AngélicaArévalo JuliánVilla Edgar<p>This article presents an equilibrium concept that, contrary to the traditional walrasian one, allows for the unbalance between supply and demand in different markets, making easier the analysis of those situations in which they differ persistently, as in the case of the labor market. Furthermore, the process of price setting becomes endogenous and it is shown that an equilibrium with endogenous price setting is a particular case of an equilibrium of fixed prices. Toward the end some examples are presented which help us to sustain these arguments.</p><br>En este artículo se presenta una 'concepción de equilibrio que, a<br />diferencia de la tradicional walrasiana, permite el desbalance<br />entre oferta y la demanda en los diferentes mercados facilitando<br />el análisis de situaciones en las cuales estas difieren persistentemente, como en el caso del mercado laboral. De igual forma, se hace endógeno el proceso de formación de precios y se muestra que un equilibrio con formación de precios endógena es un caso particular de un equilibrio de precio fijo. Hacia el final se presentan algunos ejemplos que ayudan a sustentar estos argumentos.http://www.revistas.unal.edu.co/index.php/ceconomia/article/view/10594modelpricesequilibrium non-walrasian |
| spellingShingle | Castro Angélica Arévalo Julián Villa Edgar Non competitive general equilibrium with endogenous price setting Equilibrio General no competitivo con formación endógena de precios Cuadernos de Economía model prices equilibrium non-walrasian |
| title | Non competitive general equilibrium with endogenous price setting Equilibrio General no competitivo con formación endógena de precios |
| title_full | Non competitive general equilibrium with endogenous price setting Equilibrio General no competitivo con formación endógena de precios |
| title_fullStr | Non competitive general equilibrium with endogenous price setting Equilibrio General no competitivo con formación endógena de precios |
| title_full_unstemmed | Non competitive general equilibrium with endogenous price setting Equilibrio General no competitivo con formación endógena de precios |
| title_short | Non competitive general equilibrium with endogenous price setting Equilibrio General no competitivo con formación endógena de precios |
| title_sort | non competitive general equilibrium with endogenous price setting equilibrio general no competitivo con formacion endogena de precios |
| topic | model prices equilibrium non-walrasian |
| url | http://www.revistas.unal.edu.co/index.php/ceconomia/article/view/10594 |
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