Abstract economy
id:
abstract-economy-239-10051840
title:
Abstract economy
text:
In theoretical economics, an abstract economy is a model that generalizes both the standard model of an exchange economy in microeconomics, and the standard model of a game in game theory. An equilibrium in an abstract economy generalizes both a Walrasian equilibrium in microeconomics, and a Nash equilibrium in game-theory. The concept was introduced by Gérard Debreu in 1952. He named it generalized N-person game, and proved the existence of equilibrium in this game. Later, Debreu and Kenneth Ar
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wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Abstract_economy
date created:
date modified:
2024-04-25T18:00:59Z
main entity:
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image:
fields total:
13
integrity:
13