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Manuel Alejandro e
Ana-Isabel Guerra • Ferran Sancho
Applied General
Equilibrium
An Introduction
. Manuel Alejandro e . Ferran Sancho
University Pablo de Olavide Universitat Auto`noma de
Economics Barcelona
Ctra. Utrera, km. 1, s/n Economics
41013 Seville Campus de Bellaterra-Edifici B
Spain 08193 Cerdanyola del Valle`s
******@ Spain
ferran.******@
. Ana-Isabel Guerra
University Pablo de Olavide
Economics
Ctra. Utrera, km. 1, s/n
41013 Seville
Spain
aigh79@
ISSN 2192-4333 e-ISSN 2192-4341
ISBN 978-3-642-24745-3 e-ISBN 978-3-642-24746-0
DOI -3-642-24746-0
Springer Heidelberg Dordrecht London New York
Library of Congress Control Number: 2011944756
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Foreword
The economic theory of general equilibrium is rooted in Walras (1874) and reaches
its formal development, as we know it today, with the fundamental contributions of
Arrow and Debreu (1954). The development of this