Discovery Projects - Grant ID: DP0449866

Funding Activity

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Funded Activity Summary

Linear and non-linear Price Decentralization. General equilibrium theory provides the conceptual foundation for our understanding of efficiency and welfare economics. However, at present it does not provide for an adequate understanding in many seetings: for instance, in the case of incomplete financial markets and markets with imperfect information. This project is part of the ongoing and broad research program in the Economic Theory Center of The University of Melbourne on general equilibrium theory and mathematical economics. It seeks to extend the classical theory of price decentralization and rectify some of the defects of modern general equilibrium theory.

Funded Activity Details

Start Date: 13-01-2004

End Date: 20-04-2005

Funding Scheme: Discovery Projects

Funding Amount: $150,000.00

Funder: Australian Research Council