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Sequential Model of Economic System and Constrained Pareto Optimality

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The concept of general economic equilibrium of sequential structures of economic system involves development of the general economic equilibrium model that includes the structure of asset markets. The assets are… Click to show full abstract

The concept of general economic equilibrium of sequential structures of economic system involves development of the general economic equilibrium model that includes the structure of asset markets. The assets are instruments of income redistribution through the different states of nature of economic system.

Keywords: economic system; system; system constrained; sequential model; model economic

Journal Title: Montenegrin journal of economics
Year Published: 2017

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