General equilibrium theory

Linking Behavioral Economics, Axiomatic Decision Theory and General Equilibrium Theory This chapter has used the Tiebout choice process—the choice of school characteristics via housing decisions—as a lens through which to study the strength of parental preferences for effective schools relative to those for other neighborhood or school characteristics.

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In discussing equilibrium within the IS-LM model, it has been assumed that –prices are fixed –the supply-side of the economy can be ignored. These assumptions must now be relaxed.

18p nhatro75 09-07-2012 57 5   Download