Abstract
An equilibrium price system, or equilibrium, of a quasi-economy is a price at which all traders’ demands are compatible, that is to say a p∈P such that ∑dt(p, wt) ⩽ ∑wt, or equivalently such that f(p) ⩽ 0.
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© 1989 Michael Allingham
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Allingham, M. (1989). Equilibrium. In: Theory of Markets. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-10265-5_4
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DOI: https://doi.org/10.1007/978-1-349-10265-5_4
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-10267-9
Online ISBN: 978-1-349-10265-5
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