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Jun 26, 2024 · In mathematical economics, the Arrow–Debreu model is a theoretical general equilibrium model. It posits that under certain economic assumptions ( convex preferences, perfect competition, and demand independence) there must be a set of prices such that aggregate supplies will equal aggregate demands for every commodity in the economy. [1]
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4 days ago · Gérard Debreu – Professor of Economics and of Mathematics; Nobel laureate (1983, economics) "for having incorporated new analytical methods into economic theory and for his rigorous reformulation of the theory of general equilibrium"
5 days ago · General equilibrium theory builds on the coordinating processes of a free market price system, first widely popularized by Adam Smith's "The Wealth of Nations" (1776). This...
2 days ago · This is a list of Nobel Prize laureates by country. Listings for Economics refer to the related Nobel Memorial Prize in Economic Sciences.The Nobel Prizes and the Prize in Economic Sciences have been awarded 567 times to 889 recipients, of which 26 awards (all Peace Prizes) were to organizations.
Jun 29, 2024 · Nobel Prize - Economics, Winners, Awards: The table provides a chronological list of recipients of the Nobel Prize for Economics.
2 days ago · River Phoenix was born on August 23, 1970. He was an American actor, musician, and activist. Phoenix rose to fame as a child actor in the 1980s, appearing in films such as Stand by Me (1986) and Running on Empty (1988).
