In this paper we present a dynamic version of Walrasian competitive equilibrium for a pure exchange economy: each consumer attains the optimal satiety when maximizes, under the budget constrain, the mean value of utility in a given period. Moreover, we give a motivation because the above dynamic equilibrium can not be characterized by using variational approach
On a Competitive Economic Equilibrium Referred to a Continuous Time Period
RANIA F
2013-01-01
Abstract
In this paper we present a dynamic version of Walrasian competitive equilibrium for a pure exchange economy: each consumer attains the optimal satiety when maximizes, under the budget constrain, the mean value of utility in a given period. Moreover, we give a motivation because the above dynamic equilibrium can not be characterized by using variational approachFile in questo prodotto:
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