2010•Munich Personal RePEc Archive (Ludwig Maximilian University of Munich)Requires access

The conflict between general equilibrium and the Marshallian cross

Asad Zaman, İsmail Sağlam

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Abstract

This paper illustrates on a simple model of production economy how the concept of partial equilibrium can be in an\nunresolvable conflict with the general equilibrium.

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This paper illustrates on a simple model of production economy how the concept of partial equilibrium can be in an\nunresolvable conflict with the general equilibrium.

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Available abstract

This paper illustrates on a simple model of production economy how the concept of partial equilibrium can be in an\nunresolvable conflict with the general equilibrium.

Key concepts: Economics, General equilibrium theory, Mathematical economics, Neoclassical economics, Microeconomics

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