An exploration into the concept of endogenous preferences in economics, encompassing historical context, definitions, analytical frameworks, and case studies.
The argument that changes in government policy are offset by changes in individual behavior, maintaining economic equilibrium.
A comprehensive overview of Pareto efficiency in economic allocation.
A theory of asset pricing that assumes arbitrage ensures equilibrium and that asset prices are explained by a set of underlying factors.
An equilibrium concept in multi-stage games where players are informed about the previous strategy choices of opponents.
An economic situation where beneficial activities do not take place due to a lack of coordination between involved parties.
A variable whose value is determined by the equilibrium of a system, contrasted with an exogenous variable which is externally imposed.
An analysis of equilibrium concepts, their significance, and applications in various economic theories.
A detailed exploration into the concept of excess demand, its implications for economic equilibrium, and notable theoretical contributions.
The demonstration that an equilibrium exists for an economic model or a game.
The principle that states the level of demand for a good or service is inversely related to its price.
Understanding Market Forces and Their Impact on Economics
The existence of more than one solution to the equations describing the equilibrium of an economic model.
A situation where an economic model has multiple possible equilibria configurations.
An equilibrium in multi-stage games where players do not observe previous strategies, allowing no strategy revision.
Explanation of path dependence in economic processes and its implications.
A detailed look at the concept of a representative firm in economics, its underlying assumptions, and analytical frameworks.
A system that autonomously returns to equilibrium after deviations.
The conditions under which a system reverts to its original state after disturbance, often assessed using linear equations.
A state where economic variables remain constant in the absence of external forces.
Definition and examination of the term unique equilibrium in economics.
