Detail práce

Arrow-Debreu Model of General Equilibrium

Autor: Bc. Filip Juřena
Rok: 2015 - letní
Vedoucí: RNDr. Michal Červinka Ph.D.
Konzultant:
Typ práce: Bakalářská
Jazyk: Anglicky
Stránky: 51
Ocenění:
Odkaz: https://is.cuni.cz/webapps/zzp/detail/150576/
Abstrakt: In this thesis, we deal with the Arrow-Debreu model of general equilibrium, which is an
integrated model of production, exchange and consumption.
At the beginning, we present and discuss the original assumptions of the Arrow-Debreu
model, i.e. the assumptions introduced by Kenneth J. Arrow and Gerard Debreu in 1954.
Under these assumptions, Arrow and Debreu proved the existence of a general equilibrium.
As a part of the proof, Arrow and Debreu showed that the equilibria of their model
are the same as the equilibria of an abstract economy, or a generalized Nash equilibrium
problem (GNEP). We describe the GNEP and look at whether there is a connection which
allows to apply results developed by researchers from other disciplines to the Arrow-Debreu
model.
A part of the thesis is dedicated to a two-factor, two-commodity, two-consumer model,
which is based on the original assumptions of Arrow and Debreu. In order to find the
solution, we use a method called applied general equilibrium modelling and a software
called GAMS. We examine the impact of better technology and taxes on consumers and
producers.
We have brief remarks on applications of the model at the end.
Srpen 2022
poútstčtsone
1234567
891011121314
15161718192021
22232425262728
293031    

Partneři

Deloitte

Sponzoři

CRIF
McKinsey
Patria Finance
Česká Spořitelna
EY