Differential Topology And General Equilibrium With Complete And Incomplete Markets
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Differential Topology And General Equilibrium With Complete And Incomplete Markets
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Author : Antonio Villanacci
language : en
Publisher: Springer Science & Business Media
Release Date : 2002-08-31
Differential Topology And General Equilibrium With Complete And Incomplete Markets written by Antonio Villanacci and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-08-31 with Business & Economics categories.
Local uniqueness and smooth dependence of the endogenous variables from the exogenous ones are studied using a version of a so-called parametric transversality theorem. In a standard general equilibrium model, all equilibria are efficient, but that is not the case if some imperfection, like incomplete markets, asymmetric information, strategic interaction, is added. Then, for almost all economies, equilibria are inefficient, and an outside institution can Pareto improve upon the market outcome. Those results are proved showing that a well-chosen system of equations has no solutions."
Differential Topology And General Equilibrium With Complete And Incomplete Markets
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Author : Antonio Villanacci
language : en
Publisher: Springer Science & Business Media
Release Date : 2013-04-17
Differential Topology And General Equilibrium With Complete And Incomplete Markets written by Antonio Villanacci and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-04-17 with Mathematics categories.
General equilibrium In this book we try to cope with the challenging task of reviewing the so called general equilibrium model and of discussing one specific aspect of the approach underlying it, namely, market completeness. With the denomination "general equilibrium" (from now on in short GE) we shall mainly refer to two different things. On one hand, in particular when using the expression "GE approach", we shall refer to a long established methodolog ical tradition in building and developing economic models, which includes, as of today, an enormous amount of contributions, ranging in number by several 1 thousands • On the other hand, in particular when using the expression "stan dard differentiable GE model", we refer to a very specific version of economic model of exchange and production, to be presented in Chapters 8 and 9, and to be modified in Chapters 10 to 15. Such a version is certainly formulated within the GE approach, but it is generated by making several quite restrictive 2 assumptions • Even to list and review very shortly all the collective work which can be ascribed to the GE approach would be a formidable task for several coauthors in a lifetime perspective. The book instead intends to address just a single issue. Before providing an illustration of its main topic, we feel the obligation to say a word on the controversial character of GE. First of all, we should say that we identify the GE approach as being based 3 on three principles .
Differential Topology And General Equilibrium With Complete And Incomplete Markets
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Author : Antonio Villanacci
language : en
Publisher:
Release Date : 2014-01-15
Differential Topology And General Equilibrium With Complete And Incomplete Markets written by Antonio Villanacci and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-01-15 with categories.
Theory Of Regular Economies
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Author : Ryo Nagata
language : en
Publisher: World Scientific
Release Date : 2004-07-14
Theory Of Regular Economies written by Ryo Nagata and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004-07-14 with Business & Economics categories.
This book presents a comprehensive treatment of the theory of regular economies, which is one of the most advanced topics in modern general equilibrium theory, emphasizing the basic ideas, the tools and the important applications. Although many notions and tools of differential topology are required to understand the theory, the author chooses a minimum of them and heuristically arranges them; that is, instead of lumping together all the necessary mathematics, the author puts at the beginning of each chapter the minimum mathematics required for the economic analysis of the chapter, so that the reader will not only save much effort on the mathematics but also directly understand how successfully the mathematics is used for the economic issues.
Mathematical Analysis In Interdisciplinary Research
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Author : Ioannis N. Parasidis
language : en
Publisher: Springer Nature
Release Date : 2022-03-10
Mathematical Analysis In Interdisciplinary Research written by Ioannis N. Parasidis and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-03-10 with Mathematics categories.
This contributed volume provides an extensive account of research and expository papers in a broad domain of mathematical analysis and its various applications to a multitude of fields. Presenting the state-of-the-art knowledge in a wide range of topics, the book will be useful to graduate students and researchers in theoretical and applicable interdisciplinary research. The focus is on several subjects including: optimal control problems, optimal maintenance of communication networks, optimal emergency evacuation with uncertainty, cooperative and noncooperative partial differential systems, variational inequalities and general equilibrium models, anisotropic elasticity and harmonic functions, nonlinear stochastic differential equations, operator equations, max-product operators of Kantorovich type, perturbations of operators, integral operators, dynamical systems involving maximal monotone operators, the three-body problem, deceptive systems, hyperbolic equations, strongly generalized preinvex functions, Dirichlet characters, probability distribution functions, applied statistics, integral inequalities, generalized convexity, global hyperbolicity of spacetimes, Douglas-Rachford methods, fixed point problems, the general Rodrigues problem, Banach algebras, affine group, Gibbs semigroup, relator spaces, sparse data representation, Meier-Keeler sequential contractions, hybrid contractions, and polynomial equations. Some of the works published within this volume provide as well guidelines for further research and proposals for new directions and open problems.
Economic Dynamics And General Equilibrium
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Author : Anders Borglin
language : en
Publisher: Springer Science & Business Media
Release Date : 2013-03-09
Economic Dynamics And General Equilibrium written by Anders Borglin and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-03-09 with Business & Economics categories.
This book grew out of the teaching and lecture notes for a course in "Dynamic Economics" given at Copenhagen University where it has been part of a combined study program in economics and mathematics since 1986. The subjects in the course have varied over time but a common theme has been the study of economies over time and under uncertainty in the form of incomplete markets and the overlapping generations model. When I took up a position at Lund University in 1996 Mich Tvede took over responsibility for the course and together we developed a large part of the material, which formed the basis for the present book. He has generously allowed me to use all of our common material. There is a considerable overlap between general equilibrium theory with incomplete markets (GEI), finance and macroeconomic theory, which sterns from the considerations of time and uncertainty, as can be seen from the splendid textbooks by LeRoy and Werner [2001], Pliska [1997] and the seminal work on GEI by Magill and Quinzee [1996], in partic ular its "Historical Remarks" which off er a brilliant history of modern economic theory. The exposition here airns at making some of the results of GEI and on overlapping generations (OG) economies readily available to areader acquainted with economic theory at an upper undergraduate level.
The Collected Scientific Work Of David Cass
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Author : Stephen E. Spear
language : en
Publisher: Emerald Group Publishing
Release Date : 2011-01-27
The Collected Scientific Work Of David Cass written by Stephen E. Spear and has been published by Emerald Group Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-01-27 with Business & Economics categories.
Covers the period from the middle 1980's through the end of David Cass' life in 2008.
Theory Of Incomplete Markets
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Author : Michael Magill
language : en
Publisher: MIT Press
Release Date : 2002
Theory Of Incomplete Markets written by Michael Magill and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Business & Economics categories.
Theory of incompl. markets/M. Magill, M. Quinzii. - V.1.
Journal Of Economic Literature
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Author :
language : en
Publisher:
Release Date : 2003
Journal Of Economic Literature written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Economics categories.
General Equilibrium
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Author : Frank Hahn
language : en
Publisher: Routledge
Release Date : 2003-09-02
General Equilibrium written by Frank Hahn and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-09-02 with Business & Economics categories.
In recent years certain leading figures in the world of economics have called the usefulness of general equilibrium theory into question. This superb new book brings together leading economic theorists with important contributions to the ongoing debate. General equilibrium theorists including Michio Morishima, Michael Magill and Martine Quinzii debate strengths, weaknesses and possible futures with leading thinkers such as Herb Gintis, Pierangelo Garegnani and Duncan Foley, who seek to explain the rejection of general equilibrium. Uniquely, none of the contributors portray general equilibrium theory as the perfect guide to market economies actual behaviour, but rather illustrate that there is insufficient acquaintance with existing alternatives and that general equilibrium theory is often used as an ideal 'benchmark'.