| 21. | 1983 _ Gerard Debreu, United States, for the reformulation of the theory of general equilibrium.
|
| 22. | 1983 : Gerard Debreu, United States, for the reformulation of the theory of general equilibrium.
|
| 23. | His research focused on general equilibrium and capital theory.
|
| 24. | The theoretical basis was Ricardo's work on Comparative advantage and Say's Law of General equilibrium.
|
| 25. | These are more complex econometric and general equilibrium models.
|
| 26. | General equilibrium theory is widely accepted as " the most prestigious economics of all ".
|
| 27. | _1983 : Gerard Debreu, United States, for the reformulation of the theory of general equilibrium.
|
| 28. | In the context of time based simulations and policy analysis, see dynamic stochastic general equilibrium models.
|
| 29. | RBC models were one of the inspirations for dynamic stochastic general equilibrium ( DSGE ) models.
|
| 30. | This makes analysis much simpler than in a general equilibrium model which includes an entire economy.
|
