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Static and dynamic market disequilibrium

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  • Juli Radev

Abstract

The static and dynamic market disequilibrium are presented as follows: the Edgeworth box is discussed in order to demonstrate the advantage of the role of negotiations on the market to the tatonnament role in the Walrasian static equilibrium model. In this context the equilibrium method devised by Marshall is an acceptable solution of the Edgeworth ambiguity. The idea of the static disbalance of Edgeworth is substantiated. This concept is projected in the dynamic perception of the Walras-X. The comment is summed up.

Suggested Citation

  • Juli Radev, 2011. "Static and dynamic market disequilibrium," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 2, pages 36-63.
    • Handle: RePEc:bas:econth:y:2011:i:2:p:36-63
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    References listed on IDEAS

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    More about this item

    JEL classification:

    • D58 - Microeconomics - - General Equilibrium and Disequilibrium - - - Computable and Other Applied General Equilibrium Models
    • D50 - Microeconomics - - General Equilibrium and Disequilibrium - - - General

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