| 词汇 | exchange-economy |
| 释义 | exchange economy noun[ C ] ukus ECONOMICS an economy in which goods are exchanged for money or other goods: In a pure exchange economy, the production process is ignored. Examples of exchange economyexchange economy Consider a simple exchangeeconomy with two identical agents, one (divisible) good, and two potential states of the world (which occur with some probability). From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. In a pure exchangeeconomy, a sufficient condition for the first welfare theorem to hold is that preferences be locally nonsatiated. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. Hence exchangeeconomy instead of natural economy. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. If there is to be a just exchangeeconomy, the money that is used can not have the quality of our money with an absolute value. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. One way to understand the price dynamics for a pure exchangeeconomy is to examine the geometry of the foliations. We examine asset prices and returns in the context of a pure exchangeeconomy. For instance, in a pure exchangeeconomy, this line is defined by the price vector. Results for several versions of the exchangeeconomy with power utility are presented. Most of these families were heavily involved in trade, and hence their presence could stimulate the exchangeeconomy of a region. In the ideal exchangeeconomy the specific landscape that maximized returns would be selected. These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors. |
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