Le problème de la variation des prix. Les limites de la théorie walrassienne
Abstract
[fre] Cet article propose un modèle d'équilibre général en tous points identique au modèle walrassien, à cette différence près qu'il incorpore un mécanisme de variation endogène des prix qui permet d'éliminer le crieur de prix walrassien. Le problème de K. Arrow est ainsi résolu sans qu'il soit nécessaire d'introduire la concurrence imparfaite. Ce modèle montre aussi que la règle de variation des prix suivant la loi de l'offre et de la demande, exogène dans la théorie standard, est liée logiquement à la notion walrassienne d'agent preneur de prix. Ces deux propriétés du modèle walrassien ne sont vérifiées que dans des conditions trop restrictives et économiquement insatisfaisantes. [eng] The problem of price change: the limits of the walrasian theory. . This paper proposes a general equilibrium model in all respects identical to the Walrasian one, except that it includes a mechanism by which prices change endogenously. The Walrasian auctioneer is eliminated and, consequently, the problem put forward by K. Arrow is solved without introducing imperfect competition. This model also shows that the rule of price change according to the law of supply and demand, which is exogenous in the standard general equilibrium theory, is logically related to the Walrasian price taker individual behavior. These two properties of the Walrasian model depend on too restrictive and economically unsatisfactory conditions.Download Info
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Bibliographic Info
Article provided by Programme National Persée in its journal Revue économique.
Volume (Year): 53 (2002)
Issue (Month): 5 ()
Pages: 917-931
Note: DOI:10.2307/3503034
Contact details of provider:
Web page: http://www.persee.fr/web/revues/home/prescript/revue/reco
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Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- Pascal Bridel & Elisabeth Huck, 2002. "Yet another look at Leon Walras's theory of tatonnement," European Journal of the History of Economic Thought, Taylor and Francis Journals, vol. 9(4), pages 513-540.
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