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The LeChatelier Principle

✍ Scribed by Paul Milgrom and John Roberts


Book ID
125661887
Publisher
American Economic Association
Year
1996
Tongue
English
Weight
209 KB
Volume
86
Category
Article
ISSN
0002-8282

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The scope of the LeChatelier Principle
✍ George M. Lady; James P. Quirk πŸ“‚ Article πŸ“… 2007 πŸ› Elsevier Science 🌐 English βš– 228 KB

LeChatelier [Comptes Rendus 99 (1884) 786; Ann. Mines 13 (2) (1888) 157] showed that a physical system's ''adjustment'' to a disturbance to its equilibrium tended to be smaller as constraints were added to the adjustment process. Samuelson [Foundations of Economic Analysis, Harvard University Press,