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Competitive Equilibrium

Theory and Applications

Specificaties
Paperback, 420 blz. | Engels
Cambridge University Press | e druk, 1994
ISBN13: 9780521319881
Rubricering
Cambridge University Press e druk, 1994 9780521319881
Verwachte levertijd ongeveer 8 werkdagen

Samenvatting

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.

Specificaties

ISBN13:9780521319881
Taal:Engels
Bindwijze:Paperback
Aantal pagina's:420

Inhoudsopgave

List of illustrations; Preface; Acknowledgments; Part I. Exchange: 1. Mathematical prerequisites; 2. Walrasian equilibrium; 3. Pareto optimality and the core; 4. A numerical example; 5. Commodities and prices; 6. Summary; Part II. Production: 7. Geometry of vector spaces; 8. CRS production; 9. Alternative models of production; 10. Public goods and joint supply; 11. Summary; Part III. Aumann’s Model: 12. Applying Aumann's model; 13. Dealing with nonconvexity; 14. Measure and integration; 15. Hedonic theory and local public goods; 16. Summary; Part IV. Topology: 17. Introduction to topology; 18. Topologies on vector spaces; 19. Summary; Part V. Best Response: 20. Preferences; 21. Existence of best response; 22. Continuity of best response; 23. Miscellany; 24. Summary; Part VI. Clearing Markets: 25. Homogeneity; 26. Existence of Walrasian equilibrium; 27. Computation of equilibria; 28. The excess demand theorem; 29. Kakutani fixed point theorem; 30. Summary; Part VII. Walras Meets Nash: 31. Noncooperative game theory; 32. Walrasian equilibrium; 33. External effects; 34. Nonconvexity; 35. Nonordered preferences; 36. Summary; Part VIII. What is Competition?:37. The second fundamental theorem; 38. Core equivalence; 39. Infinite dimensional commodity spaces; 40. The large square economy; 41. Summary; Bibliography; Index.

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        Competitive Equilibrium