Topical Terminology  

       

Topical Terminology > Walrasian Adjustment



1 Definition

Walrasian Adjustment

For Walrasian Adjustment we have a term and definition in International Economics.



Walrasian Adjustment (International Economics)

A market adjustment mechanism in which price rises when there is excess demand and falls when there is excess supply. Strictly speaking, these excess supplies and demands are those that would obtain without any history of disequilibrium, as with a Walrasian auctioneer.




Similar

Browse words that start with:




Browse All Terms by First Letter

Term Search



Powered by Odin Assemble 2.5a