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Author : Thomas A. Marschak
Publisher :
ISBN 13 :
Total Pages : 74 pages
Book Rating : 4.90/5 ( download)
Download or read book General Equilibrium with Price-making Firms written by Thomas A. Marschak and published by . This book was released on 1973 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : T. Marschak
Publisher : Springer Science & Business Media
ISBN 13 : 3642658024
Total Pages : 257 pages
Book Rating : 4.20/5 ( download)
Download or read book General Equilibrium with Price-Making Firms written by T. Marschak and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: Motivation. That elegant fiction the competitive equilibrium seems still to dominate the frontiers of theoretical microeconomics. We may think of it in a general way as a state of affairs wherein economic agents, responding "rationally" to annoWlced prices, make choices which are consistent and feasible. The prices may also be described as "taken": for one reason or another the agents who respond to them consider them as given. The existence of such a state, its optimality, its robustness against free bargaining among agents when there are many of them, its Wliqueness, its stability when price displacements evoke specified adjustments--all these issues have been studied, and continue to be studied in a variety of settings. Slowly the equilibrium investigated begins to incorporate public goods, externalities of certain kinds, differences in agents' information, and infinitely many time periods. The appeal of such results need not be belabored: the equilibrium studied may sustain an optimal resource allocation, and when it does it sus tains it in a manner that appears to be informationally efficient and to accord well with individual incentives. Therefore it is important to extend the circumstances under which an equilibrium exists, under which it sustains opti mality, and under which it survives displacements as well as free bargaining among agents.
Author : Thomas Marschak
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.18/5 ( download)
Download or read book General Equilibrium with Price-making Firms written by Thomas Marschak and published by . This book was released on 1974 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Robert Triffin
Publisher :
ISBN 13 :
Total Pages : 216 pages
Book Rating : 4.91/5 ( download)
Download or read book Monopolistic Competition and General Equilibrium Theory written by Robert Triffin and published by . This book was released on 1962 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Hans Gersbach
Publisher : Springer
ISBN 13 : 331960516X
Total Pages : 186 pages
Book Rating : 4.66/5 ( download)
Download or read book Groups and Markets written by Hans Gersbach and published by Springer. This book was released on 2017-07-29 with total page 186 pages. Available in PDF, EPUB and Kindle. Book excerpt: This monograph studies multi-member households or, more generally, socio-economic groups from a purely theoretical perspective and within a general equilibrium framework, in contrast to a sizeable empirical literature. The approach is based on the belief that households, their composition, decisions and behavior within a competitive market economy deserve thorough examination. The authors set out to link the formation, composition, decision-making, and stability of households. They develop general equilibrium models of pure exchange economies in which households can have several, typically heterogeneous members and act as collective decision-making units on the one hand and as competitive market participants on the other hand. Moreover, the more advanced models combine traditional exchange (markets for commodities) and matching (markets for people or partners) and develop implications for welfare, social structures, and economic policy. In the field of family economics, Hans Haller and Hans Gersbach have pioneered a ‘market’ approach that applies the tools of general equilibrium theory to the analysis of household behavior. This very interesting book presents an overview of their methods and results. This is an inspiring work. Pierre-André Chiappori, Columbia University, USA The sophisticated, insightful and challenging analysis presented in this book extends the theory of the multi-person household along an important but relatively neglected dimension, that of general equilibrium theory. It also challenges GE theorists themselves to follow Paul Samuelson in taking seriously the real attributes of that fundamental building block, the household, as a social group whose decisions may not satisfy the standard axioms of individual choice. This synthesis and extension of their earlier work by Gersbach and Haller will prove to be a seminal contribution in its field. Ray Rees, LMU Munich, Germany
Author : W. D. A. Bryant
Publisher : World Scientific
ISBN 13 : 9812818340
Total Pages : 492 pages
Book Rating : 4.48/5 ( download)
Download or read book General Equilibrium written by W. D. A. Bryant and published by World Scientific. This book was released on 2010 with total page 492 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This book focuses on the foundations of general equilibrium theory, more specifically on the existence, uniqueness, stability, optimality and comparative static properties of equilibrium states. It also explores the question of the empirical relevance of equilibrium states. It highlights a series of 'relationship conditions' which are essential for the existence of equilibrium, but appear in optimality results." -- PUBLISHER WEBSITE.
Author : Ross M. Starr
Publisher : Cambridge University Press
ISBN 13 : 1139496735
Total Pages : 379 pages
Book Rating : 4.35/5 ( download)
Download or read book General Equilibrium Theory written by Ross M. Starr and published by Cambridge University Press. This book was released on 2011-04-25 with total page 379 pages. Available in PDF, EPUB and Kindle. Book excerpt: General Equilibrium Theory: An Introduction presents the mathematical economic theory of price determination and resource allocation from elementary to advanced levels, suitable for advanced undergraduates and graduate students of economics. This Arrow–Debreu model (known for two of its most prominent founders, both Nobel Laureates) is the basis of modern price theory and of a wide range of applications. The new edition updates discussion throughout and expands the number and variety of exercises. It offers a revised and extended treatment of core convergence, including the case of non-convex preferences, and introduces the investigation of approximate equilibrium with U-shaped curves and non-convex preferences.
Author : Kenneth J. Arrow
Publisher :
ISBN 13 :
Total Pages : 77 pages
Book Rating : 4.21/5 ( download)
Download or read book THE FIRM IN GENERAL EQUILIBRIUM THEORY. written by Kenneth J. Arrow and published by . This book was released on 1969 with total page 77 pages. Available in PDF, EPUB and Kindle. Book excerpt: Existence of general equilibrium is studied for models in which the firm has a distinctive economic role. In one model, the temporary equilibrium concept, the distinctive role of the firm is that of a forecaster; its behavior is based on expectations of future prices. In the second the firm is a price maker; a formal treatment is given of a model of monopolistic competition. (Author).
Author : Antonio Villar
Publisher : Springer Science & Business Media
ISBN 13 : 3662004577
Total Pages : 172 pages
Book Rating : 4.79/5 ( download)
Download or read book General Equilibrium with Increasing Returns written by Antonio Villar and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a book on general equilibrium in which firms are allowed to exhibit increasing returns to scale (more precisely, in which the convexity of production sets is not assumed). As such, it provides a full fledged general equilibrium model and analyzes the chief questions concerning existence and optimality. Increasing returns is a topic which many economists find it to be simultaneously very imponant, very difficult and very discouraging. It is very important because it refers to a well established technological phenomenon which is essentially incompatible with the functioning of competitive markets. It is very difficult because the standard concepts and tools for the analysis fail (in particular, the supply mappings are not well defined). It is very discouraging because the available models do not seem to solve the basic questions: Normative models where nonconvex firms follow marginal pricing do not achieve efficient outcomes, and positive models cannot incorporate monopolistic competition as a way of defming the behavior of those firms with increasing returns to scale. I would like to think that this monograph will contribute to show that "the increasing returns question" is neither too difficult nor too discouraging. Concerning the difficulty, it will be shown that the analysis can be carried out with essentially the same tools as those applicable to the standard competitive model. As for the relevance of the results available, let me point out the following.
Author : Bryan Ellickson
Publisher : Cambridge University Press
ISBN 13 : 9780521319881
Total Pages : 424 pages
Book Rating : 4.89/5 ( download)
Download or read book Competitive Equilibrium written by Bryan Ellickson and published by Cambridge University Press. This book was released on 1993 with total page 424 pages. Available in PDF, EPUB and Kindle. Book excerpt: The development of general equilibrium theory represents one of the greatest advances in economic analysis in the latter half of the twentieth century. This book, intended for advanced undergraduates and graduate students, provides a broad introduction to competitive equilibrium analysis with an emphasis on concrete applications. The first three chapters are introductory in nature, paving the way for the more advanced second half of the book. Relative to the competition, it is much more 'user friendly' while offering exceptionally broad coverage of topics. Well-designed and interesting applications help to make potentially abstract material more accessible. The book includes 92 illustrations and nearly 200 exercises.
