On The Existence Of Optimal Competitive Equilibria In The Overlapping Generations Model

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On The Existence Of Optimal Competitive Equilibria In The Overlapping Generations Model
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Author : Teodoro Millan
language : en
Publisher:
Release Date : 1981
On The Existence Of Optimal Competitive Equilibria In The Overlapping Generations Model written by Teodoro Millan and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1981 with categories.
Existence And Optimality Of Competitive Equilibria
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Author : Charalambos D. Aliprantis
language : en
Publisher: Springer Science & Business Media
Release Date : 2013-06-29
Existence And Optimality Of Competitive Equilibria written by Charalambos D. Aliprantis 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 2013-06-29 with Business & Economics categories.
This monograph is a systematic exposition of the authors' research on general equi librium models with an infinite number of commodities. It is intended to serve both as a graduate text on aspects of general equilibrium theory and as an introduction, for economists and mathematicians working in mathematical economics, to current research in a frontier area of general equilibrium theory. To this end, we have pro vided two introductory chapters on the basic economic model and the mathematical framework. The exercises at the end of each section complement the main exposition. Chapter one is a concise but substantiative discussion of the questions of exis tence and optimality of competitive equilibria in the Walrasian general equilibrium model of an economy with a finite number of households, firms and commodities. Our extension of this model to economies with an infinite number of commodities constitutes the core material of this book and begins in chapter three. Readers fa miliar with the Walrasian general equilibrium model as exposited in (13], [23] or [52] may treat chapter one as a handy reference for the main economic concepts and notions that are used throughout the book.
On The Existence Of Pareto Optima And Interest Competitive Equilibria In The Generation Overlapping Exchange Economy
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Author : Ken Urai
language : en
Publisher:
Release Date : 1988
On The Existence Of Pareto Optima And Interest Competitive Equilibria In The Generation Overlapping Exchange Economy written by Ken Urai and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1988 with categories.
General Equilibrium Overlapping Generations Models And Optimal Growth Theory
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Author : Truman F. Bewley
language : en
Publisher: Harvard University Press
Release Date : 2009-07-01
General Equilibrium Overlapping Generations Models And Optimal Growth Theory written by Truman F. Bewley and has been published by Harvard University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-07-01 with Business & Economics categories.
This book presents general equilibrium theory for advanced undergraduate and graduate-level economics students. It discusses economic efficiency, competitive equilibrium, the welfare theorems, the Kuhn-Tucker approach to general equilibrium, the Arrow-Debreu model, and rational expectations equilibrium and the permanent income hypothesis.
Overlapping Generations
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Author : Stephen E. Spear
language : en
Publisher: Emerald Group Publishing
Release Date : 2023-09-04
Overlapping Generations 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 2023-09-04 with Business & Economics categories.
The 800 pound gorilla in the room of macroeconomics is the question of why the overlapping generations model didn’t become the central workhorse model for macroeconomics, as opposed to the neoclassical growth model. The authors here explore the co-evolution of the two models.
Overlapping Structures As A Model Of Money
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Author : Bruno Schönfelder
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Overlapping Structures As A Model Of Money written by Bruno Schönfelder 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 list of those to whom I am indebted is a long one. Prof. Neil Wallace (University of Minnesota) stimulated my interest in the kind of models with which the book deals. I am grateful for a large number of conversations with him. I learned a lot from him and will always be proud that I have been one of his student. I hope that he is not dissappointed with the outcome. I am deeply indebted to Prof. Dr. Hans-Werner Sinn (University of Munich). His observations and critical remarks were instrumental for a great number of changes and improvements which I was able to introduce while revising the manuscript again and again, and rethinking the basic arguments. I also want to thank Prof. Dr. Utta Gruber (University of Munich) for her helpful comments and for her support. I am very much obliged to Prof. Dr. Dr. h. c. Hans Moller (University of Munich). For many years I have had the honour of a nearly continuous dialogue with him. I am also grateful to Prof. Dr. Werner Gumpel (University). The stimulating atmosphere and the research opportunities which were provided by his seminar contributed a lot to my work. Finally I want to thank my wife Sigrid for looking through the English draft of this book and correcting numerous linguistic flaws. The remaining errors are of course mine. CONTENTS Page v Preface 1. INTRODUCTION 1. 1.
On Overlapping Generations Models With Productive Capital
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Author : Günther Lang
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
On Overlapping Generations Models With Productive Capital written by Günther Lang 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.
This book was born out of a five-years research at Sonderforschungsbe reich 303 by the Deutsche Forschungsgemeinschaft (DFG) at Rheinische Friedrich-Wilhelms-Universitiit Bonn and was approved as my doctoral thesis by the Rechts-und Staatswissenschaftliche Fakultiit in December 1994. It was my former colleague Wolfgang Peters who had drawn my atten tion to overlapping-generations models and to problems of intergenerational efficiency and distribution. The subtle connection between the latter two has been fascinating me from the very beginning: redistribution of the results of free trade can become necessary from the point of view of efficiency, although no externalities hamper the development of an economy. In spite of being a matured part of economics, neoclassical growth theory had left many questions unsolved, some of them even unrecognized by a large part of our profession. I took up the challenge to contribute to the investigation of some of these thorny problems. One of these issues is the often quoted idea of the inter generational con tract. Although intergenerational transfers can improve intertemporal effi ciency, the design of pension schemes to achieve an improvement of well-being of some generations without hurting that of any other, is not an easy task in an economy with flexible prices. Quite frequently, only interest rate and growth rate are taken into account when deciding on whether a generation wins or looses.
The Collected Scientific Work Of David Cass
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Author : Stephen E. Spear
language : en
Publisher: Emerald Group Publishing
Release Date : 2011-01-26
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 2011-01-26 with Business & Economics categories.
Consists of the work David Cass completed after leaving Carnegie Mellon for the University of Pennsylvania's Economics Department (where he remained for the rest of his career).
On The Uniqueness Of The Equilibrium In Overlapping Generations Models
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Author : Carlos Cuervo-Arango
language : en
Publisher:
Release Date : 1981
On The Uniqueness Of The Equilibrium In Overlapping Generations Models written by Carlos Cuervo-Arango and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1981 with categories.
Exercises In Dynamic Macroeconomic Theory
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Author : Rodolfo E. Manuelli
language : en
Publisher: Harvard University Press
Release Date : 2009-06-01
Exercises In Dynamic Macroeconomic Theory written by Rodolfo E. Manuelli and has been published by Harvard University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-06-01 with Business & Economics categories.
This book is a companion volume to Dynamic Macroeconomic Theory by Thomas J. Sargent. It provides scrimmages in dynamic macroeconomic theory--precisely the kind of drills that people will need in order to learn the techniques of dynamic programming and its applications to economics. By doing these exercises, the reader can acquire the ability to put the theory to work in a variety of new situations, build technical skill, gain experience in fruitful ways of setting up problems, and learn to distinguish cases in which problems are well posed from cases in which they are not.The basic framework provided by variants of a dynamic general equilibrium model is used to analyze problems in macroeconomics and monetary economics. An equilibrium model provides a mapping from parameters of preferences, technologies, endowments, and "rules of the game" to a probability model for time series. The rigor of the logical connections between theory and observations that the mapping provides is an attractive feature of dynamic equilibrium, or "rational expectations," models. This book gives repeated and varied practice in constructing and interpreting this mapping.