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Author : Andreu Mas-Colell
Publisher : Cambridge University Press
Page : 396 pages
File Size : 40,60 MB
Release : 1985
Category : Business & Economics
ISBN : 9780521388702
This book brings together the author's pioneering work, written over the last twenty years, on the use of differential methods in general equilibrium theory.
Author : Yves Balasko
Publisher : World Scientific
Page : 281 pages
File Size : 39,94 MB
Release : 2016-05-11
Category : Business & Economics
ISBN : 9814651729
The economic theory of general equilibrium underpins the most important models used in economic theory in general and in its more specialized areas such as macroeconomics, international trade, environmental economics, growth theory, and developmental economics. In Foundations of the Theory of General Equilibrium, leading academic scholar, Yves Balasko offers a good introduction to the economic theory of general equilibrium and makes use of various mathematical tools as intuitive and easy as possible. The second half of the book addresses properties of the general equilibrium model that are still at the frontier of current research. These properties deal with the characterization of economies with a unique equilibrium and, more generally, with the relationships between the number of equilibria and the fundamentals of an economy.
Author : Yves Balasko
Publisher :
Page : 0 pages
File Size : 26,96 MB
Release : 2020
Category : Equilibrium (Economics).
ISBN : 9781788210409
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 : Andreu Mas-Colell
Publisher : Cambridge University Press
Page : 236 pages
File Size : 47,4 MB
Release : 1985
Category : Business & Economics
ISBN : 9780521388702
This book brings together the author's pioneering work, written over the last twenty years, on the use of differential methods in general equilibrium theory.
Author : Yves Balasko
Publisher : Princeton University Press
Page : 188 pages
File Size : 48,69 MB
Release : 2011-07-25
Category : Business & Economics
ISBN : 1400838916
The concept of general equilibrium, one of the central components of economic theory, explains the behavior of supply, demand, and prices by showing that supply and demand exist in balance through pricing mechanisms. The mathematical tools and properties for this theory have developed over time to accommodate and incorporate developments in economic theory, from multiple markets and economic agents to theories of production. Yves Balasko offers an extensive, up-to-date look at the standard theory of general equilibrium, to which he has been a major contributor. This book explains how the equilibrium manifold approach can be usefully applied to the general equilibrium model, from basic consumer theory and exchange economies to models with private ownership of production. Balasko examines properties of the standard general equilibrium model that are beyond traditional existence and optimality. He applies the theory of smooth manifolds and mappings to the multiplicity of equilibrium solutions and related discontinuities of market prices. The economic concepts and differential topology methods presented in this book are accessible, clear, and relevant, and no prior knowledge of economic theory is necessary. General Equilibrium Theory of Value offers a comprehensive foundation for the most current models of economic theory and is ideally suited for graduate economics students, advanced undergraduates in mathematics, and researchers in the field.
Author : Hans Keiding
Publisher : World Scientific
Page : 447 pages
File Size : 36,33 MB
Release : 2020-05-26
Category : Business & Economics
ISBN : 9811214409
This book provides a comprehensive introduction to general equilibrium theory, covering the standard topics as well as the developments of the theory over the past fifty years. This ensures that the reader gains a thorough account of what has been established both in pure theory and in applications.In addition to the basic topics, this book elaborates on fields which are relevant but not mentioned frequently in this context. The material covered includes international trade, growth, finance and implementation, and it offers a broader view than what is usual in texts on general equilibrium theory. This book would make for suitable reading for undergraduate and graduate courses in macroeconomics.
Author : Ross M. Starr
Publisher : Cambridge University Press
Page : 280 pages
File Size : 35,25 MB
Release : 1997-07-13
Category : Business & Economics
ISBN : 9780521564731
General Equilibrium Theory: An Introduction treats the classic Arrow-Debreu general equilibrium model in a form accessible to graduate students and advanced undergraduates in economics and mathematics. Topics covered include mathematical preliminaries, households and firms, existence of general equilibrium, Pareto efficiency of general equilibrium, the First and Second Fundamental Theorems of Welfare Economics, the core and core convergences, future markets over time and contingent commodity markets under uncertainty. Demand, supply, and excess demand appear first as (point-valued) functions, then optionally as (set-valued) correspondences. The mathematics presented (with elementary proofs of the theorems) includes a real analysis, the Brouwer fixed point theorem, and separating and supporting hyperplane theorems. Optional chapters introduce the existence of equilibrium with set-valued supply and demand, the mathematics of upper and lower hemicontinuous correspondences, and the Kakutani fixed point theorem. The treatment emphasizes clarity and accessibility to the student through use of examples and intuition.
Author : Andreu Mas-Colell
Publisher : Harvard University Press
Page : 249 pages
File Size : 25,20 MB
Release : 2016-01-04
Category : Business & Economics
ISBN : 0674728734
Andreu Mas-Colell revolutionized our understanding of competitive markets, price formation, and the behavior of market participants. This volume presents the papers that solidified his standing as one of the preeminent economic theorists of our time. It also is invaluable for anyone wishing to study the craft of a master of economic modeling.
Author : Truman F. Bewley
Publisher : Harvard University Press
Page : 615 pages
File Size : 25,72 MB
Release : 2009-07-01
Category : Business & Economics
ISBN : 0674020928
This book presents an original exposition of general equilibrium theory for advanced undergraduate and graduate-level students of economics. It contains detailed discussions of economic efficiency, competitive equilibrium, the first and second welfare theorems, the Kuhn-Tucker approach to general equilibrium, the Arrow-Debreu model, and rational expectations equilibrium and the permanent income hypothesis. Truman Bewley also treats optimal growth and overlapping generations models as special cases of the general equilibrium model. He uses the model and the first and second welfare theorems to explain the main ideas of insurance, capital theory, growth theory, and social security. It enables him to present a unified approach to portions of macro- as well as microeconomic theory. The book contains problems sets for most chapters.
Author : Trout Rader
Publisher : Academic Press
Page : 383 pages
File Size : 46,13 MB
Release : 2014-05-10
Category : Business & Economics
ISBN : 1483268926
Theory of General Economic Equilibrium provides information pertinent to the general economic equilibrium theory. This book covers a variety of topics, including efficiency, economic systems analysis, welfare economics, and international trade. Organized into three parts encompassing eight chapters, this book begins with an overview of the theory of efficient production and growth where consumer preferences play a subordinate role. This text then examines that for the case where preferences satisfy appropriate conditions, efficiency theory is superseded as normative analysis by optimality theory. Other chapters consider the optimization of consumer preferences that leads to the decline of many families. This book discusses as well the existence of equilibrium, which is of importance to both normative and positive economics. The final chapter deals with the question of the speed with which the economic system attains its equilibrium state, which is assumed to be stationary. This book is a valuable resource for professional economists and advanced graduate students in economics.