General Equilibrium Analysis

Author : Takashi Hayashi
Publisher : Springer
ISBN 13 : 3319566962
Total Pages : 185 pages
Book Rating : 4.62/5 ( download)

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Download or read book General Equilibrium Foundation of Partial Equilibrium Analysis written by Takashi Hayashi and published by Springer. This book was released on 2017-07-27 with total page 185 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book addresses the gaps in undergraduate teaching of partial equilibrium analysis, providing a general equilibrium viewpoint to illustrate the assumptions underlying partial equilibrium welfare analysis. It remains unexplained, at least at the level of general economics teaching, in what sense partial equilibrium analysis is indeed a part of general equilibrium analysis. Partial equilibrium welfare analysis isolates a market for a single commodity from the rest of the economy, presuming that other things remain equal, and measures gains and losses by means of consumer surplus. This is a money metric that is supposed to be summable across individuals, recommending policy that maximizes the social surplus. But what justifies such apparently uni-dimensional practise? Within a general equilibrium framework, the assumption of no income effect is presented as the key condition, and substantive general equilibrium situations in which the condition emerges are presented. The analysis is extended to the case of uncertainty, in which the practice adopts aggregate expected consumer surplus, and scrutinizes when such practice is justified. Finally, the book illustrates partial equilibrium as an institutional artifact, meaning that institutional constraint induces individuals to behave as if they are in partial equilibrium. This volume forms an important contribution to the literature by researching why this disparity persists and the implications for economics education.

Author : Monique Florenzano
Publisher : Springer Science & Business Media
ISBN 13 : 1475753152
Total Pages : 187 pages
Book Rating : 4.58/5 ( download)

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Download or read book General Equilibrium Analysis written by Monique Florenzano and published by Springer Science & Business Media. This book was released on 2013-03-09 with total page 187 pages. Available in PDF, EPUB and Kindle. Book excerpt: General Equilibrium Analysis is a systematic exposition of the Walrasian model of economic equilibrium with a finite number of agents, as formalized by Arrow, Debreu and McKenzie at the beginning of the fifties and since then extensively used, worked and studied. Existence and optimality of general equilibrium are developed repeatedly under different sets of hypothesis which define some general settings and delineate different approaches to the general equilibrium existence problem. The final chapter is devoted to the extension of the general equilibrium model to economies defined on an infinite dimensional commodity space. The objective of General Equilibrium Analysis is to give to each problem in each framework the most general solution, at least for the present state of art. The intended readers are graduate students, specialists and researchers in economics, especially in mathematical economics. The book is appropriate as a class text, or for self-study.

Author : Jaime De Melo
Publisher : MIT Press
ISBN 13 : 9780262041225
Total Pages : 320 pages
Book Rating : 4.27/5 ( download)

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Download or read book A General Equilibrium Analysis of US Foreign Trade Policy written by Jaime De Melo and published by MIT Press. This book was released on 1992 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: The authors' model is the first large-scale computer simulation of the effects of changes in U.S. import quotas.

Author : Yves Balasko
Publisher :
ISBN 13 : 9781788210409
Total Pages : 0 pages
Book Rating : 4.09/5 ( download)

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Download or read book General Equilibrium written by Yves Balasko and published by . This book was released on 2020 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Written by one of the key pioneers in the field, this book offers an accessible introduction to general equilibrium theory. Written for undergraduates taking courses in economic theory and modelling who have limited mathematical proficiency, the book fills a gap between forbidding technical expositions and the less rigorous elementary ones.

Author : Pascal Bridel
Publisher : Routledge
ISBN 13 : 1136719822
Total Pages : 169 pages
Book Rating : 4.20/5 ( download)

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Download or read book General Equilibrium Analysis written by Pascal Bridel and published by Routledge. This book was released on 2013-03-01 with total page 169 pages. Available in PDF, EPUB and Kindle. Book excerpt: 2010 marks the hundredth anniversary of the death of Léon Walras, the brilliant originator and first formaliser of general equilibrium theory – one of the pillars of modern economic theory. In advancing much derided practical solutions Walras also displayed more concern for the problems of living in a second best world than is common in modern pure theories of the invisible hand, efficient market hypothesis, DSGE macroeconomics or the thinking of some contemporary free market admirers all based on general equilibrium theory. This book brings contributions from the likes of Kenneth Arrow, Alan Kirman, Richard Posner, Amartya Sen and Robert Solow to share their thoughts and reflections on the theoretical heritage of Léon Walras. Some authors reminisce on the part they played in the development of modern general economics theory; others reflect on the crucial part played by general equilibrium in the development of macroeconomics, microeconomics, growth theory, welfare economics and the theory of justice; others still complain about the wrong path economic theory took under the influence of post 1945 developments in general equilibrium theory.

Author : John B. Shoven
Publisher : Cambridge University Press
ISBN 13 : 9780521319867
Total Pages : 316 pages
Book Rating : 4.62/5 ( download)

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Download or read book Applying General Equilibrium written by John B. Shoven and published by Cambridge University Press. This book was released on 1992-05-29 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: The central idea underlying this work is to convert the Walrasian general equilibrium structure (formalized in the 1950s by Kenneth Arrow, Gerard Debreu and others) from an abstract representation of an economy into realistic models of actual economies.

Author : E. Roy Weintraub
Publisher : University of Michigan Press
ISBN 13 : 9780472082230
Total Pages : 212 pages
Book Rating : 4.3X/5 ( download)

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Download or read book General Equilibrium Analysis written by E. Roy Weintraub and published by University of Michigan Press. This book was released on 1993 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: A profound, innovative, and lively exploration of the nature of the theory at the very center of economics

Author : John R. Madden
Publisher : Springer Nature
ISBN 13 : 9811539707
Total Pages : 417 pages
Book Rating : 4.01/5 ( download)

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Download or read book Environmental Economics and Computable General Equilibrium Analysis written by John R. Madden and published by Springer Nature. This book was released on 2020-07-11 with total page 417 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book addresses major issues such as a growing world energy demand, environmental degradation due to anthropogenic greenhouse gas (GHG) emission, and risk management of disastrous events such as pandemics, abnormal climate, and earthquakes. Using cutting-edge analytical tools, particularly computable general equilibrium (CGE) modelling, the analyses are focused on a very wide range of policy-relevant economic questions for the Asia-Pacific region, especially for Japan, China, India, Vietnam, and smaller nations, including Brunei, Timor Leste, and Fiji. The first part considers (a) the effects of climate change on agriculture sectors, energy policies, and future GHG emission trends, (b) adaptation to climate changes in energy policy and its impacts on the economies, and (c) risk management of catastrophic events such as global pandemics. The second part examines (a) energy environmental issues, (b) economic impacts of natural disaster and depopulation, and (c) effects of informatics development on risk management, using CGE modelling and other methods in regional science fields. Contributors are internationally active leading CGE modellers and environmental economists. The book should be greatly beneficial for scholars and graduate students as well as policy makers who are interested in the economic effects and management of risks relating to climate change and disastrous events.

Author : Mary E. Burfisher
Publisher : Cambridge University Press
ISBN 13 : 1107132207
Total Pages : 443 pages
Book Rating : 4.07/5 ( download)

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Download or read book Introduction to Computable General Equilibrium Models written by Mary E. Burfisher and published by Cambridge University Press. This book was released on 2017-02 with total page 443 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book provides a hands-on introduction to computable general equilibrium (CGE) models, written at an accessible, undergraduate level.

Author : Richard R. Cornwall
Publisher : North Holland
ISBN 13 :
Total Pages : 818 pages
Book Rating : 4.69/5 ( download)

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Download or read book Introduction to the Use of General Equilibrium Analysis written by Richard R. Cornwall and published by North Holland. This book was released on 1983 with total page 818 pages. Available in PDF, EPUB and Kindle. Book excerpt: