Abstract
Motivation. That elegant fiction the competitive equilibrium seems still to dominate the frontiers of theoretical microeconomics. We may think of it in a general way as a state of affairs wherein economic agents, responding “rationally” to announced prices, make choices which are consistent and feasible. The prices may also be described as “taken”: for one reason or another the agents who respond to them consider them as given.
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© 1974 Springer-Verlag Berlin · Heidelberg
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Marschak, T., Selten, R. (1974). Introduction. In: General Equilibrium with Price-Making Firms. Lecture Notes in Economics and Mathematical Systems, vol 91. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-65802-0_1
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DOI: https://doi.org/10.1007/978-3-642-65802-0_1
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-540-06624-8
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