Live briefing
Everything about Excess demand function
In microeconomics, excess demand, also known as shortage, is a phenomenon where the demand for goods and services exceeds that which the firms can produce. Wikipedia →
🧠Start here: a 6-step reading path
- Read the overview: Excess demand functionA 5-minute orientation
- Pick up a classic book: Bulletin of the United States Army Medical DepartmentThe most-reprinted book on the subject
- Read the landmark paper: Excess demand functionsCited 534 times
- Go sideways: Sonnenschein–Mantel–Debreu theoremA closely related topic
- Go sideways: Walrasian auctionA closely related topic
đź“– Definitions
No dictionary entry for this exact phrase.
🗂️ The subject at a glance
🏆 Landmark papers (most cited)
Excess demand functions
Market Excess Demand Functions
Homothetic preferences and community excess demand functions
A characterization of community excess demand functions
On the Disaggregation of Excess Demand Functions
The aggregated excess demand function and other aggregation procedures
Excess Demand Functions and Incomplete Markets
Disaggregation of excess demand functions in incomplete markets
đź“š Books worth reading
Bulletin of the United States Army Medical DepartmentUnited States. Army Medical Service. · 1944
Cartesian meditationsEdmund Husserl, Dorion Cairns · 1960
Introduction to PolicingSteven M. Cox, Susan Marchionna · 2013
Political EconomyCharles S. Devas · 1892
Treaty Occupationay ToxicologySuelen Queiroz · 2010
The Conspirators HierarchyJohn Coleman · 1992
Industrial price formationC. Zeelenberg · 1985- 📕Constrained excess demand functionsH. M. Polemarchakis · 1978
Ranked by number of editions on Open Library, a rough measure of how lasting a book is.
đź”— Related topics
- Sonnenschein–Mantel–Debreu theorem The Sonnenschein–Mantel–Debreu theorem is an important result in general equilibrium economics, proved by Gérard Debreu, Rolf Mantel [es], and Hugo F.…
- Walrasian auction A Walrasian auction, introduced by Léon Walras, is a type of simultaneous auction where each agent calculates its demand for the good at every possible…
- Supply and demand In microeconomics, supply and demand is an economic model of price determination in a market. It postulates that, holding all else equal, the unit price…
- General equilibrium theory In economics, general equilibrium theory attempts to explain the behavior of supply, demand, and prices in a whole economy with several or many interacting…
- Competitive equilibrium Competitive equilibrium (also called: Walrasian equilibrium) is a concept of economic equilibrium, introduced by Kenneth Arrow and Gérard Debreu in 1951…
- Walras's law Walras's law is a fundamental principle in general equilibrium theory that establishes a mathematical relationship between market supply and demand across…
- Arrow–Debreu model In mathematical economics, the Arrow–Debreu model is a theoretical general equilibrium model. It posits that under certain economic assumptions (convex…
- Quantity adjustment In economics, quantity adjustment is the process by which a market surplus leads to a cut-back in the quantity supplied or a market shortage causes an…