LIMITATIONS OF ARROW-DEBREW MODEL | WELFARE ECONOMICS | LEARN OIKONOMIA
ð Exploring the Boundaries: Limitations of the Arrow-Debreu Model ð
Welcome to [Your Channel Name]! In this video, we dissect the Arrow-Debreu model, a fundamental concept in economic theory, and shine a light on its limitations. Join the discussion as we navigate through the challenges and considerations that arise when applying this model to real-world economic scenarios.
ð Key Points Covered:
ð Understanding the Arrow-Debreu Model
ð§ Recognizing its Assumptions
ð§ Critiquing its Applicability
ð Real-world Examples and Deviations
ðĪ Alternative Models and Approaches
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