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Subject Item
dbpedia:Arrow–Debreu_model
rdfs:comment
In mathematical economics, the Arrow–Debreu model suggests that under certain economic assumptions (convex preferences, perfect competition, and demand independence) there must be a set of prices such that aggregate supplies will equal aggregate demands for every commodity in the economy.The model is central to the theory of general (economic) equilibrium and it is often used as a general reference for other microeconomic models.
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dbpedia:Shapley–Folkman_lemma dbpedia:Convex_set
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