Title :
Microeconomic aspects of the theory of general equilibrium of production and exchange
Author :
Sagi, Andras ; Pataki, Eva
Author_Institution :
Fac. of Econ., Novi Sad Univ., Subotica, Serbia
Abstract :
The work deals with the comparative and critical analysis of macroeconomic aspects of general equilibrium theory. It is about the problem of general equilibrium in production, general equilibrium in exchange and the problems of simultaneous equilibrium in production and exchange. The research of cited problems contributes to a better understanding the complete economic mechanisms. Besides, general equilibrium model represents the basis for considering welfare economics and the optimization theory of contemporary market economies.
Keywords :
marketing; microeconomics; optimisation; contemporary market economies; exchange; general equilibrium theory; microeconomic aspects; optimization theory; production; welfare economics; Aggregates; Analytical models; Contracts; Intelligent systems; Microeconomics; Production; Pareto optimum; contract curves; general equilibrium; partial equilibrium; transformation curve in production;
Conference_Titel :
Intelligent Systems and Informatics (SISY), 2012 IEEE 10th Jubilee International Symposium on
Conference_Location :
Subotica
Print_ISBN :
978-1-4673-4751-8
Electronic_ISBN :
978-1-4673-4749-5
DOI :
10.1109/SISY.2012.6339482
