Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
3,918,877,282 visitors served.
forum Join the Word of the Day Mailing List For webmasters
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

perfect competition
(redirected from Walrasian model)

    Also found in: Financial, Wikipedia 0.02 sec.
perfect competition
n
(Economics) Economics a market situation in which there exists a homogeneous product, freedom of entry, and a large number of buyers and sellers none of whom individually can affect price
Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link 		Feedback
Add definition
Mentioned in?  References in periodicals archive?   Dictionary browser?   Full browser?
 
Early he was much taken with the Walrasian model of market equilibrium.
By Force of Thought: Irregular Memoirs of an Intellectual Journey by Campbell, Robert / Comparative Economic Studies
The blue lines are stable according to the Walrasian model of dynamic adjustments, and the green lines are the unstable equilibria according to that theory.
Markets as Information Gathering Tools by Plott, Charles R. / Southern Economic Journal
Where the perverse curves are due to an externality, the Marshallian model and not the Walrasian model define the conditions under which unstable equilibria exist.
Instability of equilibria in experimental markets: upward-sloping ... by Smith, Jared / Southern Economic Journal
 
 
 
Dictionary, Thesaurus, and Translations
?

Terms of Use | Privacy policy | Feedback | Advertise with Us | Copyright © 2012 Farlex, Inc.
Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.