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Equilibrium Models in Economics

Paperback • 2017 • 1. edition

Equilibrium Models in Economics

By Simon Fraser University) Boland Lawrence A. (Emeritus Professor of Economics Emeritus Professor of Economics

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About the book

The concept of equilibrium is fundamental to economic theory, according to which, it exists when supply and demand are balanced. Equilibrium Models in Economics critically examines the major problematic assumptions employed to build equilibrium models. It gives particular attention to the assumptions used to characterize learning, knowledge and expectations.Lawrence Boland here explores whether equilibrium models can provide a realistic explanation of economic events and objects such as prices, ...Show more

Economic theory and philosophy

Book details

ISBN

9780190274337

Publisher

Oxford University Press Inc

Published year

2017

Language

Edition

1

Original title

Equilibrium Models in Economics

Format

Paperback

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