THE FIRM IN GENERAL EQUILIBRIUM THEORY

Abstract

Existence of general equilibrium is studied for models in which the firm has a distinctive economic role. In one model, the temporary equilibrium concept, the distinctive role of the firm is that of a forecaster; its behavior is based on expectations of future prices. In the second the firm is a price maker; a formal treatment is given of a model of monopolistic competition.

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Document Details

Document Type
Technical Report
Publication Date
May 01, 1969
Accession Number
AD0690068

Entities

People

  • Kenneth J. Arrow

Organizations

  • Harvard University

Tags

Communities of Interest

  • Energy and Power Technologies
  • Human Systems

DTIC Thesaurus Topics

  • Commodities
  • Continuity
  • Convex Sets
  • Discontinuities
  • Economic Systems
  • Economics
  • Equations
  • Formal Languages
  • Mathematical Models
  • Models
  • Money
  • New York
  • Point Theorem
  • Probability
  • Probability Distributions
  • Specifications
  • Theorems

Fields of Study

  • Economics

Readers

  • Economics
  • Theoretical Analysis.