[PDF] Prices Competition And Equilibrium eBook

Author : T. Marschak
Publisher : Springer Science & Business Media
Page : 257 pages
File Size : 11,75 MB
Release : 2012-12-06
Category : Business & Economics
ISBN : 3642658024

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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 : Erich Schneider
Publisher : Routledge
Page : 400 pages
File Size : 41,71 MB
Release : 2013-11-05
Category : Business & Economics
ISBN : 1136506756

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This volume analyses value and equilibrium. Chapters on the decisions of household and on the theory of the firm (including short and long-term planning and investment) include both static and dynamic analysis. * Based on the enlarged sixth German edition this English edition contains many diagrams and an introduction to linear programming, as well as full treatment of the author's well-known theory of production.

Author : Erich Schneider
Publisher :
Page : 400 pages
File Size : 23,14 MB
Release : 1962
Category : Economics, Mathematical
ISBN :

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A revised translation based on the 6th German ed. of v. 2 of the author's Einfu̡hrung in die Wirtschaftstheorie. Includes bibliography.

Author : Xavier Vives
Publisher : MIT Press (MA)
Page : 446 pages
File Size : 26,13 MB
Release : 1999
Category : Business & Economics
ISBN : 9780262220606

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Applies a modern game-theoretic approach to develop a theory of oligopoly pricing. The text relates classic contributions to the field of modern game theory and discusses basic game-theoretic tools and equilibrium, paying particular attention to developments in the theory of supermodular games.

Author : Heinrich von Stackelberg
Publisher : Springer Science & Business Media
Page : 147 pages
File Size : 43,51 MB
Release : 2010-11-10
Category : Business & Economics
ISBN : 3642125867

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In his book „Marktform und Gleichgewicht“, published initially in 1934, Heinrich von Stackelberg presented his groundbreaking leadership model of firm competition. In a work of great originality and richness, he described and analyzed a market situation in which the leader firm moves first and the follower firms then move sequentially. This game-theoretic model, now widely known as Stackelberg competition, has had tremendous impact on the theory of the firm and economic analysis in general, and has been applied to study decision-making in various fields of business. As the first translation of von Stackelberg’s book into English, this volume makes his classic work available in its original form to an English-speaking audience for the very first time.

Author : Bryan Ellickson
Publisher : Cambridge University Press
Page : 424 pages
File Size : 15,53 MB
Release : 1993
Category : Business & Economics
ISBN : 9780521319881

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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.