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dc.contributor.authorRadev, Yuli
dc.date.accessioned2016-05-26T05:36:23Z
dc.date.available2016-05-26T05:36:23Z
dc.date.issued2014
dc.identifier.issn1314-3123
dc.identifier.urihttp://hdl.handle.net/10610/1906
dc.description.abstractAn increasing number of analysts of the latest financial crisis employ arguments and models from different stages of the evolution of economics. We believe that this is the right approach, since no economic event, financialization included, should be viewed as unique or unparalleled. We agree that the answers to most questions relating to the boom-downturn cycle are to be sought in the behaviour of entities involved in the economic process and the so-called extrinsic uncertainty. It seems only logical that similar events should be considered extreme and uncontrollable varieties of typical deviations from normal conditions. Yet, it might prove to be rather misleading to randomly combine economic concepts. Therefore, this paper is an attempt to systematize alternative models of the dynamic equilibrium path around which balanced and sometimes dis-balanced markets temporarily converge. In the framework presented here, extrinsic uncertainty and institutional theory add to the neo-classical idea about markets through the generalizing concept of market disequilibrium.bg_BG
dc.language.isoenbg_BG
dc.publisherАИ "Ценов"bg_BG
dc.relation.ispartofseries2;10
dc.subjectgeneral equilibriumbg_BG
dc.subjectsequential marketsbg_BG
dc.subjecttheory of temporary equilibriumbg_BG
dc.subjectprices and price expectationsbg_BG
dc.subjectperfect foresightbg_BG
dc.titleSEQUENTIAL MARKETS AND GENERAL EQUILIBRIUMbg_BG
dc.typeArticlebg_BG


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