IDEAS home Printed from https://ideas.repec.org/a/dse/indecr/v39y2004i2p383-392.html
   My bibliography  Save this article

Equilibrium in Disequilibrium: A Diagrammatic Exposition

Author

Listed:
  • Meenakshi Rajeev

    (Institute for Social and Economic Change Nagarbhavi, Bangalore, India)

Abstract

Even when a developing country moves towards a market economy characterised by competitive prices, there are several goods like water, essential food items, infrastructure related goods and so on whose prices cannot be left to the market. When a planner fixes prices of such goods the resulting equilibrium will have to be a rationed equilibrium. This paper discusses one of the most important equilibrium concepts in a disequilibrium situation viz., Benassy equilibrium (1975a,b). This paper provides a diagrammatic frame-work to represent this concept of equilibrium using three dimensional Edgeworth box diagrams.

Suggested Citation

  • Meenakshi Rajeev, 2004. "Equilibrium in Disequilibrium: A Diagrammatic Exposition," Indian Economic Review, Department of Economics, Delhi School of Economics, vol. 39(2), pages 383-392, July.
    • Handle: RePEc:dse:indecr:v:39:y:2004:i:2:p:383-392
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Keywords

    Disequilibrium; Rationing Effective Demand; Perceived Constraint; Edgeworth Box Digram;
    All these keywords.

    JEL classification:

    • D51 - Microeconomics - - General Equilibrium and Disequilibrium - - - Exchange and Production Economies

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:dse:indecr:v:39:y:2004:i:2:p:383-392. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Pami Dua (email available below). General contact details of provider: https://edirc.repec.org/data/deudein.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.