Número:
231
Publicado:
Clasificación JEL:
D12, D50, D62
Palabras clave:
General Equilibrium Theory in Exchange Economies with Externalities
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Camilo Gómez, Mariana Escobar-Villarraga, Ligia Alba Melo-Becerra, Hector Manuel Zárate-Solano
Luis Fernando Melo-Velandia, José Vicente Romero-Chamorro, Diego Niño-Garavito
The theory of general equilibrium was criticized for its apparent lack of testable implications, as seemingly implied by the results of Sonnenschein, Mantel and Debreu in the Seventies. This view was challenged by the results of Brown and Matzkin (1996),