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Encyclopedia > Lionel W. McKenzie

Lionel W. McKenzie is Wilson Professor Emeritus of Economics at the University of Rochester. Having received his PhD. at Princeton in 1956, his research focused on general equilibrium and capital theory. Although most widely known as a co-creator of the Arrow-Debreu-McKenzie model, he also published a number of research papers, such as The University of Rochester is a private, coeducational and nonsectarian research institution located in Rochester, New York. ... In the United States Princeton is the name of several places in the United States of America: Princeton, Florida Princeton, Illinois Princeton, Indiana Princeton, Iowa Princeton, Kansas Princeton, Kentucky Princeton, Louisiana Princeton, Maine Princeton, Massachusetts Princeton, Minnesota Princeton, Missouri Princeton, New Jersey Princeton, North Carolina Princeton, South Carolina Princeton, Texas... General Equilbrium (linear) supply and demand curves. ... The Arrow-Debreu-McKenzie model (ADM model) is the central model in the General (Economic) Equilibrium Theory and often used as a general reference for other microeconomic models. ...

  • "The Classical Theorem on Existence of Competitive Equilibrium", Econometrica, 1981
  • "Turnpike Theory, Discounted Utility, and the von Neumann Facet", Journal of Economic Theory, 1983
  • "General Equilibrium", The New Palgrave, 1987
  • "Equilibrium, Trade, and Capital Accumulation", Japanese Economic Review, December 1999


 

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