Equilibrium and Disequilibrium in Economic Theory: Proceedings of a Conference Organized by the Institute for Advanced Studies, Vienna, Austria July 3–5, 1974

Front Matter....Pages I-L
Front Matter....Pages 1-1
Equilibrium with Respect to a Simple Market....Pages 3-6
On the Role of Complete, Transitive Preferences in Equilibrium Theory....Pages 7-14
Equilibrium in a Market with Incomplete Preferences where the Number of Consumers May be Finite....Pages 15-26
Continuity in General Nonconvex Economies (with Applications to the Convex Case)....Pages 27-38
Are Core Allocations Obtainable as Exchange Equilibria?....Pages 39-45
Equivalence of Competitive and Relative-Core Allocations on a Measure Space of Economic Agents....Pages 47-51
Non-Stable Cores of Exchange Economies....Pages 53-66
Does Perfect Competition in Spatial Markets Maximize Welfare?....Pages 67-72
Walras’ Theory of Capital Formation and the Existence of a Temporary Equilibrium....Pages 73-126
Front Matter....Pages 127-127
Theories of General Economic Equilibrium and Maximum Efficiency....Pages 129-201
Towards a Neo-Austrian Theory of Exchange....Pages 203-212
Competitive and Controlled Price Economies: The Arrow-Debreu Model Revisited....Pages 213-224
Front Matter....Pages 225-225
Equilibrium and Linear Complementarity — An Economy with Institutional Constraints on Prices....Pages 227-237
Marketing Costs and Imperfect Competition in General Equilibrium....Pages 239-254
Oligopoly and its Macroeconomic Implications....Pages 255-276
Risk and Uncertainty. Their Importance for the Homogeneity of Demand and Supply Functions and the Dichotomy Between Real and Monetary Economies....Pages 277-294
Notes on the Economic Consequences of Uncertain Product Quality....Pages 295-314
Corporate Policy, Uncertainty, and the Stock Market....Pages 315-336
Efficiency, Inessentiality and the ‘Debreu Property’ of Prices....Pages 337-359
Front Matter....Pages 361-361
An Approach to the Analysis of Dynamic Processes in Economic Systems....Pages 363-367
Front Matter....Pages 361-361
On Adjustment Dynamics — An Exercise in Traverse....Pages 369-396
On the Long-Run Behaviour of a Competitive Firm....Pages 397-411
Dynamic Models and Economic Growth....Pages 413-449
Front Matter....Pages 451-451
The Qualitative Effects of False Trading....Pages 453-462
Non-Tatonnement and Disequilibrium Adjustments in Macroeconomic Models....Pages 463-495
Existence of an Under-Employment Equilibrium....Pages 497-510
A Neokeynesian Model of Price and Quantity Determination in Disequilibrium....Pages 511-544
The Specification of Disequilibrium in Flow of Funds Models....Pages 545-563
Consumption, Income, and Liquidity....Pages 565-591
A Model of Dynamic Keynesian Equilibrium....Pages 593-610
Many-Good Multiplier Analysis Under Traditional, Classical and Neo-Keynesian Conditions....Pages 611-649
Stochastic Disequilibrium in a Labor Contracts Economy....Pages 651-669
Expectations, the Real Rate of Interest, and Labor Market Behavior in a Macromodel....Pages 671-690
Optimal International Adjustment for a Country in a State of Fundamental Dynamic Disequilibrium....Pages 691-704
International Trade and Payments when Markets Fail to Clear....Pages 705-722
Back Matter....Pages 723-736