General Equilibrium with Price-Making Firms

by T. Marschak and R. Selten

Motivation. That elegant fiction the competitive equilibrium seems still to dominate the frontiers of theoretical microeconomics. We may think of it in a general way as a state of affairs wherein economic agents, responding "rationally" to annoWlced prices, make choices which are consistent and feasible. The prices may also be described as "taken" for one reason or another the agents who respond to them consider them as given. The existence of such...

• Format: Paperback
• Language: English
• ISBN: 3540066241
• ISBN13: 9783540066248
• Release Date: February 1974
• Publisher: Springer
• Length: 247 Pages
• Weight: 0.92 lbs.
• Dimensions: 0.6" x 6.7" x 9.6"