General equilibrium theory

Autor: Harald Wiese
Rok vydání: 2021
Předmět:
Zdroj: Advanced Microeconomics ISBN: 9783658349585
DOI: 10.1007/978-3-658-34959-2_19
Popis: 1.1. Introductory remarks. Allocation of goods takes place in two different modes, the first of which being person-to-person. For example, voluntary exchange in a peaceful economy is person-to-person, making all agents better off (see pp. 385). Person-to-person does not necessarily imply face-to-face.
Databáze: OpenAIRE