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原文連結
論文資訊
- 類型：已發表論文
- 日期：2010
摘要
he definition of Walrasian competitive equilibrium, on which the Fundamental Existence and Welfare Theorems rest, assumes that all trading in decentralized exchange economies takes place at the final equilibrium prices, which further implies that at equilibrium prices the value of each 智能體's equilibrium commodity bundle is equal to the value of her endowment, and equal treatment of 智能體s with the same preferences, technology and endowment. The logic of the theorems supports the conclusion that in competitive economies prices, the allocation of commodities, and the distribution of income and material welfare are determined by the preferences, technology, and endowments of the 智能體s. In real-world markets, however, 智能體s can discover equilibrium prices only by making mutually advantageous trans
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