Static and dynamic market disequilibrium Cover Image

Статично и динамично неравновесие на пазарите
Static and dynamic market disequilibrium

Author(s): Yuli Radev
Subject(s): Economy
Published by: Институт за икономически изследвания при Българска академия на науките
Keywords: JEL: D58; D50

Summary/Abstract: The static and dynamic market disequilibrium are presented as follows: the Edgeworth box is discussed in order to demonstrate the advantage of the role of negotiations on the market to the tâtonnament role in the Walrasian static equilibrium model. In this context the equilibrium method devised by Marshall is an acceptable solution of the Edgeworth ambiguity. The idea of the static disbalance of Edgeworth is substantiated. This concept is projected in the dynamic perception of the Walras-X. The comment is summed up.

  • Issue Year: 2011
  • Issue No: 2
  • Page Range: 36-63
  • Page Count: 28
  • Language: Bulgarian