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Inquiry Into The Dynamic Analysis Of Competetive Equilibrium Of Economy

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  • Marko Backovic
  • Zoran Popovic

Abstract

In this paper we analyse models of general economic equilibrium that are based on already defined mathematical relations of Arrow-Debreu model of general equilibrium that try to make that model more realistic. In other words, we will give review of two models in which basic Arrow-Debreu model of general equilibrium is extended in way to include time and uncertainty dimensions as a possible natural state of economic system.

Suggested Citation

  • Marko Backovic & Zoran Popovic, 2005. "Inquiry Into The Dynamic Analysis Of Competetive Equilibrium Of Economy," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 1(2), pages 41-56.
    • Handle: RePEc:mje:mjejnl:v:1:y:2005:i:2:p:41-56
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