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The Arrow–Debreu model is a foundational concept in modern microeconomic theory, named after economists Kenneth Arrow and Gérard Debreu, who developed it in the 1950s. The model provides a formal framework for understanding general equilibrium in a competitive market and demonstrates the conditions under which an economy can achieve Pareto efficiency.

Ancestors (6)

  1. General equilibrium theory
  2. Mathematical economics
  3. Applied mathematics
  4. Fields of mathematics
  5. Mathematics
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