Disequilibrium Dynamics with Inventories and Anticipatory price-setting

观点 · 2004-07-21 00:00

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The microeconomic foundation of macroeconomics has two fairly well-articulated paradigms.The neo-classical paradigm maintains that markets are working: competitive behavior achieves a Pareto optimal outcome ...

The microeconomic foundation of macroeconomics has two fairly well-articulated paradigms.The neo-classical paradigm maintains that markets are working: competitive behavior achieves a Pareto optimal outcome under the guidance of the price system.


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