Montenegrin Journal of Economics


Inquiry Into The Dynamic Analysis Of Competetive Equilibrium Of Economy

Marko Backović and Zoran Popović

2005, vol. 1, no. 2, p. 41-56


In this paper we analyse models of general economic equilibrium that are based on already defined mathematical relations of Arrow-Debreu model of general equilibrium that try to make that model more realistic. In other words, we will give review of two models in which basic Arrow-Debreu model of general equilibrium is extended in way to include time and uncertainty dimensions as a possible natural state of economic system.


suggested citation:

Marko Backović and Zoran Popović. "Inquiry Into The Dynamic Analysis Of Competetive Equilibrium Of Economy." Montenegrin Journal of Economics. vol. 1, no. 2, 2005, p. 41-56

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