This result suggests that, under certain economic conditions, there must be a set of prices such that aggregate supplies will equal aggregate demands for every commodity in the economy. The Arrow–Debreu model applies to economies with maximally complete markets, in which there exists a market for every time period and forward prices for every commodity at all time periods.
This result suggests that, under .certain economic, conditions, there must be a set of prices such that aggregate supplies will equal aggregate dema.nds for every commodity in the economy. The Arrow–Debreu model applies to economies with maxim:ally complete markets, in which there exists a market for every time period and forward prices for every commodity at all time periods.