• English
    • български
  • English 
    • English
    • български
  • Login
View Item 
  •   Home
  • Статии
  • Междууниверситетско списание "Икономика 21"
  • View Item
  •   Home
  • Статии
  • Междууниверситетско списание "Икономика 21"
  • View Item
JavaScript is disabled for your browser. Some features of this site may not work without it.

SEQUENTIAL MARKETS AND GENERAL EQUILIBRIUM

Thumbnail
View/Open
298_split_2_2014.swf (247.5Kb)
Date
2014
Author
Radev, Yuli
Metadata
Show full item record
Abstract
An 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.
URI
http://hdl.handle.net/10610/1906
Collections
  • Междууниверситетско списание "Икономика 21"

Contact Us | Send Feedback
 

 

Browse

All of DSpaceSections & CollectionsBy Issue DateAuthorsTitlesSubjectsThis CollectionBy Issue DateAuthorsTitlesSubjects

My Account

LoginRegister

Contact Us | Send Feedback