Equilibrium
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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."
Equilibrium
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Author : Josué Roussel
language : en
Publisher: Archway Publishing
Release Date : 2015-12-22
Equilibrium written by Josué Roussel and has been published by Archway Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-12-22 with Philosophy categories.
The universe is not the fruit of a series of random, chaotic, and blind events. Rather, nature is the manifestation of a work full of intelligent science and wisdom always faithful to and constant with itself. In the search for the original, authentic universe, only the great science of alchemy--founded on the principle that everything works as a whole, in close unity, and is all subdued to the same forces of equilibrium or disequilibrium in origin--has the power to expose the multiple faces of life and death. In Equilibrium, author Josué Roussel diligently explores the basis of the principle of universal equilibrium. This progressive study refines our perceptions in identifying the nature of balance and imbalance in the universe. Rather than being based on an intuitive inspiration, the science of alchemy exclusively provides an interpretation of the dual forces of good and evil--with truth emblazoned on one side and illusion on another. This science of the absolute establishes a close association between the physical world and the invisible world. Nothing is random since every single phenomenon we see and feel means something. Is there truth in spiritual revelation? And how can we make sense of all this? This innovative approach to both science and spirituality through alchemy will ultimately serve as the cornerstone of a series of works related to various themes associated with universal sciences. Building the philosopher’s stone becomes the ultimate lever of alchemy, and its breakthroughs will be demystified like never before!
Equilibrium
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Author : Zack Grey
language : en
Publisher: Createspace Independent Publishing Platform
Release Date : 2018-06-06
Equilibrium written by Zack Grey and has been published by Createspace Independent Publishing Platform this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-06-06 with categories.
Equilibrium is an exploration of the delicate balance between love and loss. It is a coming together of darkness and light, a rising and setting of the sun, a journey of acceptance and facing midnight with a smile. ____________________ we forgot how to love today by worrying about tomorrow
General Equilibrium
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Author :
language : en
Publisher:
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General Equilibrium written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on with categories.
General Equilibrium Analysis
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Author : Monique Florenzano
language : en
Publisher: Springer
Release Date : 2010-11-04
General Equilibrium Analysis written by Monique Florenzano and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-11-04 with Business & Economics categories.
General Equilibrium Analysis is a systematic exposition of the Walrasian model of economic equilibrium with a finite number of agents, as formalized by Arrow, Debreu and McKenzie at the beginning of the fifties and since then extensively used, worked and studied. Existence and optimality of general equilibrium are developed repeatedly under different sets of hypothesis which define some general settings and delineate different approaches to the general equilibrium existence problem. The final chapter is devoted to the extension of the general equilibrium model to economies defined on an infinite dimensional commodity space. The objective of General Equilibrium Analysis is to give to each problem in each framework the most general solution, at least for the present state of art. The intended readers are graduate students, specialists and researchers in economics, especially in mathematical economics. The book is appropriate as a class text, or for self-study.
The Computation Of Chemical Equilibria
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Author : F. van Zeggeren
language : en
Publisher: Cambridge University Press
Release Date : 2011-02-17
The Computation Of Chemical Equilibria written by F. van Zeggeren and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-02-17 with Science categories.
This 1970 book, the authors derive the equations describing equilibria in different types of system and outline the effect of variation of the parameters of the system on the equilibrium composition by using equilibrium calculations in high temperature, high pressure processes, in rocketry and in explosives technology.
Equilibrium Theory And Applications
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Author : William A. Barnett
language : en
Publisher: Cambridge University Press
Release Date : 1991
Equilibrium Theory And Applications written by William A. Barnett and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991 with Business & Economics categories.
The Sixth Annual International Symposium in Economic Theory and Econometrics was dedicated to Jacques Drèze on the occasion of his retirement.
Price Dynamics In Equilibrium Models
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Author : Jan Tuinstra
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Price Dynamics In Equilibrium Models written by Jan Tuinstra 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 2012-12-06 with Business & Economics categories.
A long-standing unsolved problem in economic theory is how economic equilibria are attained. Price Dynamics in Equilibrium Models: The Search for Equilibrium and the Emergence of Endogenous Fluctuations considers a number of adjustment processes in different economic models and investigates their dynamical behaviour. Two important themes arising in this context are `bounded rationality' and `nonlinear dynamics'. Important sub-themes of the book are the following: how do boundedly rational agents interact with their environment and does this interaction in some sense lead to rational outcomes (which may or may not correspond to equilibria)? The second sub-theme deals with the consequences of the nonlinear dynamical nature of many adjustment processes. The results presented in this volume indicate that endogenous fluctuations are the rule rather than the exception in the search for equilibrium. The book uses the theory of nonlinear dynamics to analyze the dynamics of the different economic models. Due to the complexity of most of the models, an important role is played by computational methods. In particular, at regular instances the models are analyzed by numerical simulations and some computer-assisted proofs are provided. It also covers a wide range of dynamical models from economic theory. Most of these models merge the theory of nonlinear economic dynamics with the theory of bounded rationality. The book is written for anyone with an interest in economic theory in general and bounded rationality and endogenous fluctuations in particular. It is entirely self-contained and accessible to readers with only a limited knowledge of economic theory.
Stability And Perfection Of Nash Equilibria
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Author : Eric van Damme
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Stability And Perfection Of Nash Equilibria written by Eric van Damme 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 2012-12-06 with Business & Economics categories.
The last decade has seen a steady increase in the application of concepts from noncooperative game theory to such diverse fields as economics, political science, law, operations research, biology and social psychology. As a byproduct of this increased activity, there has been a growing awareness of the fact that the basic noncooperative solution concept, that of Nash equilibrium, suffers from severe drawbacks. The two main shortcomings of this concept are the following: (i) In extensive form games, a Nash strategy may prescribe off the equilibrium path behavior that is manifestly irrational. (Specifically, Nash equilibria may involve incredible threats), (ii) Nash equilibria need not be robust with respect to small perturbations in the data of the game. Confronted with the growing evidence to the detriment of the Nash concept, game theorists were prompted to search for more refined equilibrium notions with better properties and they have come up with a wide array of alternative solution concepts. This book surveys the most important refinements that have been introduced. Its objectives are fourfold (i) to illustrate desirable properties as well as drawbacks of the various equilibrium notions by means of simple specific examples, (ii) to study the relationships between the various refinements, (iii) to derive simplifying characterizations, and (iv) to discuss the plausibility of the assumptions underlying the concepts.
Financial Markets Theory
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Author : Emilio Barucci
language : en
Publisher: Springer Science & Business Media
Release Date : 2002-12-11
Financial Markets Theory written by Emilio Barucci 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 2002-12-11 with Business & Economics categories.
A presentation of classical asset pricing theory, this textbook is the only one to address the economic foundations of financial markets theory from a mathematically rigorous standpoint and to offer a self-contained critical discussion based on empirical results. Tools for understanding the economic analysis are provided, and mathematical models are presented in discrete time/finite state space for simplicity. Examples and exercises included.