General Equilibrium Analysis
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Applied General Equilibrium
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Author : Manuel Alejandro Cardenete
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-01-05
Applied General Equilibrium written by Manuel Alejandro Cardenete 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 2012-01-05 with Business & Economics categories.
This advanced textbook aims at providing a simple but fully operational introduction to applied general equilibrium. General equilibrium is the backbone of modern economic analysis and as such generation after generation of economics students are introduced to it. As an analytical tool in economics, general equilibrium provides one of the most complete views of an economy since it incorporates all economic agents (households, firms, government, foreign sector) in an integrated way that is compatible with microtheory and microdata. The integration of theory and data handling is required for successful modeling but it requires a double ability that is not found in standard books. With this book we aim at filling the gap and provide advanced students with the required tools, from the building of consistent and applicable general equilibrium models to the interpretation of the results that ensue from the adoption of policies. The topics include: model design, model development, computer code examples, calibration and data adjustments, practical policy examples.
Fundamentals Of General Equilibrium Analysis
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Author : Takashi Suzuki
language : en
Publisher: World Scientific
Release Date : 2020-09-03
Fundamentals Of General Equilibrium Analysis written by Takashi Suzuki and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-09-03 with Business & Economics categories.
The aim of this book is to incorporate Marshallian ideas such as external increasing returns and monopolistic competitions into the general equilibrium framework of Walrasian tradition. New chapters and sections have been added to this revised and expanded edition of General Equilibrium Analysis of Production and Increasing Returns (World Scientific, 2009).The new material includes a presentation of equilibrium existence and core equivalence theorems for an infinite horizon economy with a measure space of consumers. These results are currently the focus of extensive studies by mathematical theorists, and are obtained by an application of an advanced mathematical concept called saturated (super-atomless) measure space.The second major change is the inclusion of a simple toy model of a liberal society which implements the difference principle proposed by J Rawls as a principle of distributive justice. This new section opens up a possibility to connect theoretical economics and political philosophy.Thirdly, the author presents the marginal cost pricing equilibrium and discusses welfare properties of the external increasing returns, which also belong to Marshall/ Pigou tradition of the Cambridge school.Finally, a new mathematical appendix treats basics of singular homology theory. Although the fixed point theorem is originally a theorem of algebraic topology, most economic students know its proof only in the context of the differentiable manifold theory presented by J Milnor. Considering the significance of the fixed point theorem and its playing a key role in general equilibrium theory, the purpose of this new appendix is to provide readers with the idea of a proof of Brower's fixed point theorem from the 'right place'.This volume will be helpful for graduate students and researchers of mathematical economics, game theory, and microeconomics.
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.
General Equilibrium Foundation Of Partial Equilibrium Analysis
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Author : Takashi Hayashi
language : en
Publisher: Palgrave Macmillan
Release Date : 2018-08-03
General Equilibrium Foundation Of Partial Equilibrium Analysis written by Takashi Hayashi and has been published by Palgrave Macmillan this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-08-03 with Business & Economics categories.
This book addresses the gaps in undergraduate teaching of partial equilibrium analysis, providing a general equilibrium viewpoint to illustrate the assumptions underlying partial equilibrium welfare analysis. It remains unexplained, at least at the level of general economics teaching, in what sense partial equilibrium analysis is indeed a part of general equilibrium analysis. Partial equilibrium welfare analysis isolates a market for a single commodity from the rest of the economy, presuming that other things remain equal, and measures gains and losses by means of consumer surplus. This is a money metric that is supposed to be summable across individuals, recommending policy that maximizes the social surplus. But what justifies such apparently uni-dimensional practise? Within a general equilibrium framework, the assumption of no income effect is presented as the key condition, and substantive general equilibrium situations in which the condition emerges are presented. The analysis is extended to the case of uncertainty, in which the practice adopts aggregate expected consumer surplus, and scrutinizes when such practice is justified. Finally, the book illustrates partial equilibrium as an institutional artifact, meaning that institutional constraint induces individuals to behave as if they are in partial equilibrium. This volume forms an important contribution to the literature by researching why this disparity persists and the implications for economics education.
Elements Of General Equilibrium Analysis
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Author : Alan Kirman
language : en
Publisher: Wiley-Blackwell
Release Date : 1998-07-07
Elements Of General Equilibrium Analysis written by Alan Kirman and has been published by Wiley-Blackwell this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998-07-07 with Business & Economics categories.
The General Equilibrium Model, developed over the last century and now referred to as the Arrow-Debreu Model, provides the basis for the great majority of modern economic models. A thorough familiarity with its structure is indispensable for every serious economist. Elements of General Equilibrium Analysis provides a clear and precise explanation of various aspects of the model, each of which is analysed by a leading authority in the field, including Gerard Debreu, Timothy Kehoe, Herbert Scarf, Jean-Jacques Herings, Thorsten Hens, Peter Hammond, Werner Hildenbrand and Alan Kirman. This book provides a concise account of basic concepts together with an analysis of recent developments and is aimed at final year undergraduate and graduate students, and at all economists interested in an authoritative account of the foundations of modern history.
General Equilibrium And Welfare Economics
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Author : James C. Moore
language : en
Publisher: Springer Science & Business Media
Release Date : 2006-12-20
General Equilibrium And Welfare Economics written by James C. Moore 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 2006-12-20 with Business & Economics categories.
A good basic understanding of general equilibrium theory is a fundamental and indispensable background for advanced work in virtually any sub-field of economics; and a thorough understanding of the methods of welfare economics, particularly in a general equilibrium context, is indispensable for investigators undertaking applied policy analysis. This book addresses these needs and requirements by emphasizing the basic underpinnings of general equilibrium and welfare economics. In particular, the theory of choice, which is fundamental to both areas, is developed in a very comprehensive and rigorous fashion. Moreover, extensive use is made of examples, both of the simple type intended to bolster the student’s understanding of the basic concepts, and those illustrating the application of the material to field areas in economics.
Applying General Equilibrium
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Author : John B. Shoven
language : en
Publisher: Cambridge University Press
Release Date : 1992-05-29
Applying General Equilibrium written by John B. Shoven 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 1992-05-29 with Business & Economics categories.
The central idea underlying this work is to convert the Walrasian general equilibrium structure (formalized in the 1950s by Kenneth Arrow, Gerard Debreu and others) from an abstract representation of an economy into realistic models of actual economies.
Introduction To Computable General Equilibrium Models
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Author : Mary E. Burfisher
language : en
Publisher: Cambridge University Press
Release Date : 2016
Introduction To Computable General Equilibrium Models written by Mary E. Burfisher 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 2016 with Business & Economics categories.
The book provides a hands-on introduction to computable general equilibrium (CGE) models, written at an accessible, undergraduate level.
A General Equilibrium Analysis Of Us Foreign Trade Policy
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Author : Jaime De Melo
language : en
Publisher: MIT Press
Release Date : 1992
A General Equilibrium Analysis Of Us Foreign Trade Policy written by Jaime De Melo and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992 with Business & Economics categories.
The authors' model is the first large-scale computer simulation of the effects of changes in U.S. import quotas.