Titlebook: Equilibrium and Disequilibrium in Economic Theory; Proceedings of a Con Gerhard Schw?diauer Conference proceedings 1978 D. Reidel Publishin

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On the Role of Complete, Transitive Preferences in Equilibrium Theoryg on all possible states of the world so that given two such states he will either be able to select the one he prefers or else express indifference between them. Further his preferences are supposed to display consistency by being transitive. Judged by these standards it seems that few real people

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SLAG

Continuity in General Nonconvex Economies (with Applications to the Convex Case) rates of substitution and increasing returns in the Arrow-Debreu model (cf. Starr [7], Arrow-Hahn [1]). Nonconvexities are also inherent in transactions (Heller [4], Heller-Starr [6]) and in models of optimal taxation with administrative cost (Heller-Shell [5]). Nonconvexities also arise in the the

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Does Perfect Competition in Spatial Markets Maximize Welfare?cost function .(.)/. for output . has the usual U-shape assumed in the theory of competitive price, and all firms have identical cost functions. Consumers are distributed over a large one-dimensional area at a uniform density. They have identical utility functions . which depend on consumption . of

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Theories of General Economic Equilibrium and Maximum Efficiencyeral economic equilibrium.. His work was without doubt a turning point in the history of economic thought and the transformation of economics into a true science. For the first time, an over-all synthesis of economic equilibrium was presented in the framework of a general model, ... By putting Walra

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