3 ms·
The thing is, calculating a competitive (aka global maximum) general equilibrium is NP hard if the economy contains non divisible elements. This doesn't necessa
by imtringued 2y ago
The thing is, calculating a competitive (aka global maximum) general equilibrium is NP hard if the economy contains non divisible elements. This doesn't necessarily prevent us from being in an equilibrium, but it certainly makes it highly unlikely that we are in the best equilibrium.