Temporary Competitive Equilibrium Under Uncertainty

  • Dieter Sondermann
Part of the International Economic Association Series book series (IEA)


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.


Capital Market Decision Model Economic Agent Price System Price Vector 
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Copyright information

© International Economic Association 1974

Authors and Affiliations

  • Dieter Sondermann
    • 1
    • 2
  1. 1.C.O.R.ELouvainBelgium
  2. 2.University of the SaarlandSaarbrueckenGermany

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