Abstract
DEFINITION AND SCOPE. Equilibria with rationing, also called non-Walrasian equilibria, are a wide class of equilibrium concepts which generalize the traditional notion of Walrasian equilibrium by allowing markets not to clear (in the traditional sense) and therefore quantity rationing to be experienced. Their scope is best described by examining first Walrasian equilibrium as a reference.
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Benassy, JP. (1989). Rationed Equilibria. In: Eatwell, J., Milgate, M., Newman, P. (eds) General Equilibrium. The New Palgrave. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-19802-3_29
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DOI: https://doi.org/10.1007/978-1-349-19802-3_29
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