Testable implications of general equilibrium theory: a differential approach

Article Abstract:

A research study is presented on the testability of equilibrium theory. The excess demand is analyzed as a fundamental element of economy concluding that availability of individual data is essential for the derivation of testable equilibrium construct.

Demand (Economics)

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Equilibrium behaviour in markets and games: testable restrictions and identification

Article Abstract:

A research survey is conducted on implications related to equilibrium models in which the existence and derivation of testable restrictions of competitive equilibrium over finite data is analyzed for market and game theoretic models.

Game theory

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Testable restrictions on the equilibrium manifold under random preferences

Article Abstract:

A study is presented by observing the profile of endowments and distribution of prices, which reveals that even under random utilities general equilibrium theory is verifiable.

Distribution (Economics), Utility theory, Utility functions

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