Abstract
General equilibrium theory describes those states of an economy in which the individual plans of many agents with partially conflicting interests are compatible with each other. Such a state is called an equilibrium. The concept of an equilibrium simply being based on a consistency requirement lends itself to the study of specific questions of quite different character. Indeed, equilibrium theory provides a unifying framework for the analysis of questions arising in various branches of economic theory. In our opinion it is fruitful to view equilibrium theory as a method of thinking applicable to a variety of problems of different origin.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Bibliography
Balasko, Y. 1975. Some results on uniqueness and on stability of equilibrium in general equilibrium theory. Journal of Mathematical Economics 2: 95–118.
Debreu, G. 1970. Economies with a finite set of equilibria. Econometrica 38: 387–392.
Dierker, E. 1982. Regular economies, ch. 17. In Handbook of mathematical economics, ed. K. Arrow and M. Intriligator, 795–830. Amsterdam: North-Holland.
Dierker, E., and H. Dierker. 1972. The local uniqueness of equilibria. Econometrica 40: 867–881.
Mas-Colell, A. 1985. The theory of general economic equilibrium: A differentiable approach, Econometric Society monographs. Cambridge: Cambridge University Press.
Smale, S. 1974. Global analysis and economics IV: Finiteness and stability of equilibria with general consumption sets and production. Journal of Mathematical Economics 1: 119–127.
Author information
Authors and Affiliations
Editor information
Copyright information
© 2018 Macmillan Publishers Ltd.
About this entry
Cite this entry
Dierker, E. (2018). Regular Economies. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_1670
Download citation
DOI: https://doi.org/10.1057/978-1-349-95189-5_1670
Published:
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-95188-8
Online ISBN: 978-1-349-95189-5
eBook Packages: Economics and FinanceReference Module Humanities and Social SciencesReference Module Business, Economics and Social Sciences