| 41. | Much later, economists demonstrated that the theory of fructification can be stated rigorously in a general equilibrium model.
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| 42. | The replacement of certain equations by inequalities and the use of more rigorous mathematics improved general equilibrium modeling.
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| 43. | In general equilibrium theory, Bewley ( 1972 ) established key existence results for models with infinitely many goods.
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| 44. | His work encompasses equilibria that involve more behavioral adjustments than those defined in orthodox neoclassical models of general equilibrium.
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| 45. | That's kind of a'general equilibrium'idea.
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| 46. | She stayed close to the frontiers of her field, knitting together aspects of general equilibrium theory and game theory.
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| 47. | He was particularly fascinated by general equilibrium models which he considered to be the central paradigm of economic theory.
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| 48. | An example is using Markov chains to exogenously model prices of equity ( stock ) in a general equilibrium setting.
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| 49. | General equilibrium models show what the economy would have to be like for an unregulated economy to be Pareto efficient.
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| 50. | The Sonnenschein Mantel Debreu theorem shows that the standard model cannot be rigorously derived in general from general equilibrium theory.
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