Abstract
Short-run equilibrium analysis is concerned ‘with an economy where several successive markets are held, to study the conditions which determine the equilibrium of each market and to find how these equilibria are linked together’ (Grandmont [11]). This analysis has been advanced, in particular, by Hicks in his book Value and Capital [13] under the name, temporary equilibrium within a ‘week’. In this paper both terms are used synonymously.
I am grateful to F. Delbaen, J. Drèze, L. Gevers, J.-M. Grandmont, J. Green and W. Hildenbrand for stimulating discussions and helpful comments.
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Notes
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© 1974 International Economic Association
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Sondermann, D. (1974). Temporary Competitive Equilibrium Under Uncertainty. In: Drèze, J.H. (eds) Allocation under Uncertainty: Equilibrium and Optimality. International Economic Association Series. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-01989-2_13
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DOI: https://doi.org/10.1007/978-1-349-01989-2_13
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