The importance of general equilibrium analysis arises from the complex interrelations between the variables in an economic system.

As a result, the general equilibrium analysis of tax incidence has, for the most part, been limited to the competitive equilibrium framework described in Lecture 7.

The general equilibrium analysis of tax incidence has to date been undertaken largely independently of the literature on macroeconomics.

Originally presented in terms of partial equilibrium analysis, it has been extended in two principal directions.

His most significant works are his contributions to social choice theory, notably "Arrow's impossibility theorem", and his work on general equilibrium analysis.

Most generally, the general equilibrium final results will differ little from those attained from a partial equilibrium analysis.

The term 'comparative statics' itself is more commonly used in relation to microeconomics (including general equilibrium analysis) than to macroeconomics.

His later interest in equilibrium analysis in economics and sociology can be traced back to this paper.

Since the empirical studies have produced results that are inconsistent with the traditional equilibrium analysis, several explanations of this behavior have been offered.

The Marshallian theory of supply and demand is an example of partial equilibrium analysis.