Oxford Index Search Results

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tatonnement

Overview page. Subjects: Social Sciences.

As described by the economist Leon Walras, the process by which markets find their way to equilibrium. Walras viewed tatonnement as a gradual calibration of supply and demand through...

See overview in Oxford Index

tatonnement

Overview page. Subjects: Social Sciences.

As described by the economist Leon Walras, the process by which markets find their way to equilibrium. Walras viewed tatonnement as a gradual calibration of supply and demand through...

See overview in Oxford Index

tatonnement

Edited by Craig Calhoun.

in Dictionary of the Social Sciences

January 2002; p ublished online January 2002 .

Reference Entry. Subjects: Social Sciences. 76 words.

As described by the economist Leon Walras, the process by which markets find their way to equilibrium. Walras viewed

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Walrasian Tâtonnement Auctions on the Tokyo Grain Exchange

James Eaves and Jeffrey Williams.

in The Review of Financial Studies

July 2007; p ublished online January 2007 .

Journal Article. Subjects: Market Structure and Pricing; Financial Markets; Economics; Agricultural Economics. 15027 words.

The Tokyo Grain Exchange (TGE)’s itayose mechanism provides the opportunity to analyze functioning Walrasian tâtonnement auctions (WTA). In 15,677 auctions conducted over 1997–1998 for corn...

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tâtonnement <i>noun</i>

Jennifer Speake and Mark LaFlaur.

in The Oxford Essential Dictionary of Foreign Terms in English

January 1999; p ublished online January 2002 .

Reference Entry. Subjects: Language Reference. 18 words.

M19 French (from tâtonner feel one's way, proceed cautiously).

Experimentation, tentative procedure; an instance of this.

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administered prices

Edited by Craig Calhoun.

in Dictionary of the Social Sciences

January 2002; p ublished online January 2002 .

Reference Entry. Subjects: Social Sciences. 63 words.

Prices established by an administrative process rather than by a standard market-clearing Walrasian adjustment, or tatonnement process. Such practices generally

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auctioneer, Walrasian

Overview page. Subjects: Social Sciences.

An analogy introduced by Leon Walras to explain the formation of equilibrium prices in a market. Equilibrium is reached by what Walras called a tatonnement process: the auctioneer announces...

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The Market

S. N. Afriat.

in Logic of Choice and Economic Theory

November 1987; p ublished online November 2003 .

Chapter. Subjects: Microeconomics. 7052 words.

This is the third of six chapters on the logic of price. It deals with the phenomenon of the market, and starts with a discourse on the ‘logic of price’ and a critique of the supply and...

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Explorations in Computable Economics

Kumaraswamy Velupillai.

in Computable Economics

January 2000; p ublished online November 2003 .

Chapter. Subjects: Macroeconomics and Monetary Economics. 11917 words.

Three topics are discussed as pointers towards issues at the frontiers of computable economics: effectivizing the fundamental theorems of welfare economics; computable production theory;...

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The Global Structure of the Equilibrium Manifold

Yves Balasko.

in The Equilibrium Manifold

April 2009; p ublished online August 2013 .

Chapter. Subjects: Econometrics and Mathematical Economics. 12888 words.

This chapter is divided into three parts. The first part gives some intuition for the mathematical concepts of pathconnectedness, simple connectedness, and contractibility. The second part...

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Out-of-Equilibrium Price Dynamics

Yves Balasko.

in The Equilibrium Manifold

April 2009; p ublished online August 2013 .

Chapter. Subjects: Econometrics and Mathematical Economics. 6122 words.

This chapter addresses the definition of a realistic dynamic adjustment process for nonequilibrium prices. Stability is typical of those properties that cannot be satisfied by all...

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