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What (who) is competitive equilibrium - definition
Competitive equilibrium
ECONOMIC EQUILIBRIUM CONCEPT
Walrasian equilibrium; Competitive Equilibrium
Competitive equilibrium (also called: Walrasian equilibrium) is a concept of economic equilibrium introduced by Kenneth Arrow and Gérard Debreu in 1951K. Arrow, ‘An Extension of the Basic Theorems of Classical Welfare Economics’ (1951); G.
Recursive competitive equilibrium
ECONOMIC EQUILIBRIUM CONCEPT ASSOCIATED WITH A DYNAMIC PROGRAM
Recursive Competitive Equilibrium
In macroeconomics, recursive competitive equilibrium (RCE) is an equilibrium concept. It has been widely used in exploring a wide variety of economic issues including business-cycle fluctuations, monetary and fiscal policy, trade related phenomena, and regularities in asset price co-movements.
Economic equilibrium
STATE WHERE ECONOMIC FORCES SUCH AS SUPPLY AND DEMAND ARE BALANCED AND THE VALUES OF ECONOMIC VARIABLES WILL NOT CHANGE
Static equilibrium (economics); Equilibrium price; Equilibrium Price; Disequilibria; Market equilibrium; Price equilibrium; Disequilibrium (economics); Equilibrium (economics); Comparative dynamics; Competitive price; Economics equilibrium
In economics, economic equilibrium is a situation in which economic forces such as supply and demand are balanced and in the absence of external influences the (equilibrium) values of economic variables will not change. For example, in the standard text perfect competition, equilibrium occurs at the point at which quantity demanded and quantity supplied are equal.
