Bertrand And Walras Equilibria In Large Economies
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Bertrand And Walras Equilibria In Large Economies
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Author : Peter Funk
language : en
Publisher:
Release Date : 1990
Bertrand And Walras Equilibria In Large Economies written by Peter Funk and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1990 with Equilibrium (Economics) categories.
Bertrand And Walras Equilibria Under Moral Hazard
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Author : Alberto Bennardo
language : en
Publisher:
Release Date : 2002
Bertrand And Walras Equilibria Under Moral Hazard written by Alberto Bennardo and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Competition categories.
Core And Equilibria Of A Large Economy Psme 5
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Author : Werner Hildenbrand
language : en
Publisher: Princeton University Press
Release Date : 2015-03-08
Core And Equilibria Of A Large Economy Psme 5 written by Werner Hildenbrand and has been published by Princeton University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-03-08 with Business & Economics categories.
Can every allocation in the core of an economy be decentralized by a suitably chosen price system? Werner Hildenbrand shows that the answer is yes if the economy has "many" participating agents and if the influence of every individual agent on collective actions is "negligible." To give a general and precise definition of economics with this property he considers both economies with a continuum of agents, and a sequence of economies with an increasing number of participants. In both cases this leads to a measure theoretic formulation of economic equilibrium analysis. In the first part of the book the relevant mathematics is developed. In the second part the continuity and convexity properties of the total demand of a consumption sector are investigated. An important result is the equivalence between the core and the set of Walras equilibria for an exchange economy with a continuum of agents. The author then deals with limit theorems on the core for purely competitive sequences of exchange economies. In the last chapter the core and the set of Walras equilibria for a coalition production economy and the relation between these two equilibrium concepts are studied. Originally published in 1974. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.
On Perfect Competition Definitions Usages And Foundations
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Author :
language : fr
Publisher: Editions L'Harmattan
Release Date : 2013-01-01
On Perfect Competition Definitions Usages And Foundations written by and has been published by Editions L'Harmattan this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-01-01 with Political Science categories.
Au sommaire de ce numéro : On perfect competition : definitions, usages and foundations / Appropriation in a competitive theory of value / Price takers vs. great numbers : a critique of the Edgeworth-Walras convergence à la Debreu-Scarf / Negishi on Edgeworth on Jevon's law of indifference, Walra's equilibrium, and the role of large numbers : a critical assessment / Edgeworth on competition : a note on Franco Donzelli / Edgeworth on competition : a reply to Antoine Rebeyrol / On price-making contracts and economic theory : rethinking Bertrand and Edgeworth / Price taking as an asymptotic limit of strategic behavior / Competition : the ways to perfection / The perfection competition paradigm : evolving from its ambiguities. (Numéro en anglais).
Core And Equilibria Of A Large Economy
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Author : Werner Hildenbrand
language : en
Publisher: Princeton, N.J : Princeton University Press
Release Date : 1974
Core And Equilibria Of A Large Economy written by Werner Hildenbrand and has been published by Princeton, N.J : Princeton University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1974 with Economics, Mathematical categories.
Can every allocation in the core of an economy be decentralized by a suitably chosen price system? Werner Hildenbrand shows that the answer is yes if the economy has "many" participating agents and if the influence of every individual agent on collective actions is "negligible." To give a general and precise definition of economics with this property he considers both economies with a continuum of agents, and a sequence of economies with an increasing number of participants. In both cases this leads to a measure theoretic formulation of economic equilibrium analysis. In the first part of the book the relevant mathematics is developed. In the second part the continuity and convexity properties of the total demand of a consumption sector are investigated. An important result is the equivalence between the core and the set of Walras equilibria for an exchange economy with a continuum of agents. The author then deals with limit theorems on the core for purely competitive sequences of exchange economies. In the last chapter the core and the set of Walras equilibria for a coalition production economy and the relation between these two equilibrium concepts are studied. Originally published in 1974. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These paperback editions preserve the original texts of these important books while presenting them in durable paperback editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.
General Equilibrium
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Author : W. D. A. Bryant
language : en
Publisher: World Scientific
Release Date : 2010
General Equilibrium written by W. D. A. Bryant and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with Business & Economics categories.
General Equilibrium Theory studies the properties and operation of free market economies. The field is a response to a series of questions originally outlined by Leon Walras about the operation of markets and posed by Frank Hahn in the following way: OCyDoes the pursuit of private interest, through a system of interconnected deregulated markets, lead not to chaos but to coherence OCo and if so, how is that achieved?OCO This is always an apt question, but particularly so given the OCyGlobal Financial CrisisOCO that emerged from the operation of market economies in the Americas and Europe in mid to late 2008. The answer that General Equilibrium Theory provides to the Walras-Hahn question is that, under certain conditions coherence is possible, while under certain other conditions chaos, in various forms, is likely to prevail. The conditionality of either outcome is not always well understood OCo neither by proponents of, or antagonists to, the OCyfree market positionOCO. Consequently, this book attempts to show something of what General Equilibrium Theory has to say about the wisdom or otherwise of always relying on OCymarket forcesOCO to manage complex socio-economic systems. Sample Chapter(s). Chapter 1: General Equilibrium Theory: An Overview (138 KB). Contents: General Equilibrium Theory: An Overview; Existence of Equilibrium: Sufficient Conditions; Existence of Equilibrium: Necessary Conditions; Equilibrium and Irreducibility: Some Empirical Evidence; Existence of Equilibrium Under Alternative Income Conditions; Existence of Walrasian Equilibrium in Some NonOCoArrow-Debreu Environments; Uniqueness of Equilibrium; Stability of Equilibrium; Optimality of Equilibrium; Comparative Statics of Equilibrium States; Empirical Evidence on General Equilibrium; General Equilibrium Theory in Retrospect. Readership: Advanced undergraduates and graduate students in economics; economists interested in economic theory."
Introduction To Equilibrium Analysis
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Author : Werner Hildenbrand
language : en
Publisher:
Release Date : 1976
Introduction To Equilibrium Analysis written by Werner Hildenbrand and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1976 with Equilibrium (Economic analysis). categories.
General Equilibrium Analysis
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Author : Pascal Bridel
language : en
Publisher: Routledge
Release Date : 2013-03-01
General Equilibrium Analysis written by Pascal Bridel and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-03-01 with Business & Economics categories.
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.
Nash Walras Equilibria Of A Large Economy
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Author : Enrico Minelli
language : en
Publisher:
Release Date : 1999
Nash Walras Equilibria Of A Large Economy written by Enrico Minelli and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with categories.
Equilibrium Analysis
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Author : Werner Hildenbrand
language : en
Publisher: North Holland
Release Date : 1988
Equilibrium Analysis written by Werner Hildenbrand and has been published by North Holland this book supported file pdf, txt, epub, kindle and other format this book has been release on 1988 with Business & Economics categories.
Hardbound. This book has its origins in a previous volume by the same authors, Introduction to Equilibrium Analysis''. Within the context of the exchange economy two solutions or themes proposed by Walras and Edgeworth are developed. The first consists of finding those allocations obtained through the decentralization of the choices of individuals by prices. The second, of allocations which are not objected to coalitions by individuals. This volume should be suitable for final year undergraduate courses or for graduate students. A thorough understanding of the material treated here will be invaluable to the reader in appreciating the economic literature. In particular, he will learn to treat with caution many of the assertions found in that literature.