General Equilibrium Theory and its Model Applications
| Authors | |
|---|---|
| Year of publication | 2006 |
| Type | Article in Proceedings |
| Conference | MendelNet 2006: sborník abstraktů z evropské vědecké konference doktorandů |
| MU Faculty or unit | |
| Citation | |
| Field | Economy |
| Keywords | General equilibrium theory; history of general equilibrium theory; general equilibrium (GE) model; computable general equilibrium model; dynamic general equilibrium (DGE) model |
| Description | The paper introduces a general equilibrium (GE) concept. It describes a historical development of the theory and fundamental differences between partial and general equilibrium. The basic approach to the GE is done by the Robinson Crusoe model and the Edgeworth box. The practical implication of GE theory is presented by several models (CGE model, MSG model, AGE model, DGE model and others). |
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