Economics, Econometrics and Finance
8 years ago

New research simplifies equilibrium existence and welfare theorems in economics.

1 view
Economic Theory
On the fundamental theorems of general equilibrium
Eric S. Maskin, Kevin Roberts

Paper Summary

The article simplifies important theories in economics. It shows how to find balance in economies where certain rules don't always apply. It also proves that a basic idea can lead to better outcomes for everyone.

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