The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Excess Demand and Supply

  • Michael Allingham
Reference work entry


In general equilibrium theory the economy may be represented by the function which specifies the aggregate excess demands (positive) or excess supplies (negative) which are expressed at all possible price systems.

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© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Michael Allingham
    • 1
  1. 1.