The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Wealth Constraint

  • Michael Allingham
Reference work entry


Consumer theory, and thus general equilibrium theory, sees agents as making transactions subject to a wealth constraint, that is, subject to the value of their purchases not exceeding that of their sales.

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© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Michael Allingham
    • 1
  1. 1.