Title Details: | |
General equilibrium and economic welfare |
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Authors: |
Tsounis, Nicholas |
Reviewer: |
Agiomirgianakis, George M. |
Description: | |
Abstract: |
The general equilibrium of the economic system is presented with an emphasis on the general equilibrium in consumption. Partial equilibrium analysis was used in the previous chapters. Partial equilibrium analysis ignores how changes in one market affect other markets (goods and factors of production). In contrast, general equilibrium analysis analyzes how the choices of economic units are simultaneously coordinated across all markets for goods and factors of production.
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Linguistic Editors: |
Antonopoulos, Yannis |
Graphic Editors: |
Stavropoulos, Ilias |
Type: |
Chapter |
Creation Date: | 16-01-2024 |
Item Details: | |
License: |
Attribution - NonCommercial - ShareAlike 4.0 International (CC BY-NC-SA 4.0) |
Handle | http://hdl.handle.net/11419/12158 |
Bibliographic Reference: | Tsounis, N. (2024). General equilibrium and economic welfare [Chapter]. In Tsounis, N. 2024. Theory of the Consumer Behaviour [Postgraduate textbook]. Kallipos, Open Academic Editions. https://hdl.handle.net/11419/12158 |
Language: |
Greek |
Is Part of: |
Theory of the Consumer Behaviour |
Publication Origin: |
Kallipos, Open Academic Editions |