The Core Theory In Economics

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The Core Theory In Economics

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Author : Lester Telser
language : en
Publisher: Taylor & Francis
Release Date : 2012-11-12

The Core Theory In Economics written by Lester Telser and has been published by Taylor & Francis this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-11-12 with Business & Economics categories.

An important tenet of game theory, core theory has nonetheless been all but ignored by the mainstream. Its basic premise is that individuals band together in order to promote their interests as much as possible. The return to an individual depends on competition among various coalitions for its membership, and a group of people can obtain a joint maximum by suitable coordinated actions. In this key title, Lester Telser investigates the following issues: Markets Multiproduct Industry Total Cost Functions with Avoidable Costs Critical Analyses of Noncooperative Equilibria. Through these distinct sections, Telser skilfully brings the ideas of core theory to bear on a range of issues within economics – with particular emphasis on supply and demand and the way markets function.

The Core Theory In Economics

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Author : Lester G. Telser
language : en
Publisher: Routledge
Release Date : 2007

The Core Theory In Economics written by Lester G. Telser and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with Business & Economics categories.

In this key title, Lester Telser, the world's core theorist, explores several distinct areas to skilfully bring the ideas of core theory to bear on a range of issues within economics - with particular emphasis on supply and demand and the way markets function.

The Core Theory In Economics

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Author : Lester Telser
language : en
Publisher: Routledge
Release Date : 2012-11-12

The Core Theory In Economics written by Lester Telser and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-11-12 with Business & Economics categories.

An important tenet of game theory, core theory has nonetheless been all but ignored by the mainstream. Its basic premise is that individuals band together in order to promote their interests as much as possible. The return to an individual depends on competition among various coalitions for its membership, and a group of people can obtain a joint maximum by suitable coordinated actions. In this key title, Lester Telser investigates the following issues: Markets Multiproduct Industry Total Cost Functions with Avoidable Costs Critical Analyses of Noncooperative Equilibria. Through these distinct sections, Telser skilfully brings the ideas of core theory to bear on a range of issues within economics – with particular emphasis on supply and demand and the way markets function.

An Account Of The Core In Economic Theory

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Author : Jonathan Cogliano
language : en
Publisher:
Release Date : 2019

An Account Of The Core In Economic Theory written by Jonathan Cogliano and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019 with categories.

The concept of 'the core' originates in cooperative game theory and its introduction to economics in the 1960s as a basis for proofs of existence of general equilibrium is one of the earliest attempts to use game theory to address big questions in economics. Discovery of the core was met with enthusiasm among the community of economic theorists at the time. However, use of the core eventually waned and the concept faded into the backdrop of economic theory. This paper makes use of unpublished correspondence between Herbert Scarf, Lloyd Shapley, and Martin Shubik, as well as other archival and secondary resources, to provide an account of the development of the core and the trajectory of this concept, including those who developed it, after its initial appearance. It is found that the core's eventual decline is explained by the combined effect of the slowing general equilibrium research program in the 1970s, the increasing prominence of non-cooperative game theory, and subtle issues with the concept that shaped Scarf and Shubik's research programs after the 1960s.

Core Theory With Strongly Convex Preferences

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Author : Robert M. Anderson
language : en
Publisher:
Release Date : 1981

Core Theory With Strongly Convex Preferences written by Robert M. Anderson 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.

The Theory Of Value And Distribution In Economics

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Author : Pierangelo Garegnani
language : en
Publisher: Routledge
Release Date : 2012

The Theory Of Value And Distribution In Economics written by Pierangelo Garegnani and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with Business & Economics categories.

This new volume explores two alternative economic theories - the classical theory and the marginalist or neoclassical theory- through a discussion between two eminent economists, Pierangelo Garegnani and Paul Samuelson. The key themes of the volume are the difference in approaches to the explanation of the distribution of income and relative prices, and therefore different approaches to all other economic problems, in particular capital accumulation and economic growth. The book discusses whether there is a 'classical' approach to the theory of value and distribution at the core of economic theory that is fundamentally different from the later marginalist or neoclassical theory. In the volume, the late Pierangelo Garegnani argues for the validity of Piero Sraffa's position on this issue, whilst the late noble laureate Paul Samuelson vehemently contests it. At a time of economic crisis, the future of the discipline is far from certain, and so it is extremely important to bring these debates back into the light, by reproducing them together for the first time. A comprehensive introduction by Heinz Kurz sets the debate in this context, and provides crucial background to the arguments.

Economic Exchange And Social Organization

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Author : Robert P. Gilles
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06

Economic Exchange And Social Organization written by Robert P. Gilles 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 aims to develop an institutional approach to general economic equi librium. Thus far, institutional economics has essentially been confined to purely verbal discourse. Here I argue the case that general equilibrium theory forms a well rounded basis for the development of an institutional economic the ory. The fundamental economic trade mechanism underlying this refocusing is that of the Edgeworthian barter mechanism modelled through the equilibrium notion of the core of an economy. There is an extensive literature that links the core with the Walrasian price mechanism, which is explored in this book. Next I develop an alternative model of explicitly nonsovereign trade in the setting of an institutionally structured economy. In this book the core and several of its extensions are considered to be descriptions of the equilibrium allocations resulting from institutionalized barter processes, thereby providing a basis of an institutionally based economic theory. Traditionally finite economies have been assessed as the most natural represen tations of real life economies, in particular of market economies. Many funda mental insights have been developed. In the first half of the book I summarize the most influential and important results in the literature on finite economies regarding the relationship of the Walrasian model of a perfectly competitive market system and the Edgeworthian theory of individually based, pure barter processes. I use the axiomatic method as the main methodological framework according to which I construct my models.

Economic Theory

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Author : Daniel Shore
language : en
Publisher: Freegulls Publishing House
Release Date :

Economic Theory written by Daniel Shore and has been published by Freegulls Publishing House this book supported file pdf, txt, epub, kindle and other format this book has been release on with Business & Economics categories.

This book consists of two titles, which are: Information Economics - In information economics, the focus is on understanding how the distribution, availability, and quality of information impact economic behavior and outcomes. Understanding these concepts helps economists and policymakers design better mechanisms, regulations, and incentives to mitigate the adverse effects of information asymmetry and improve economic outcomes. International Economics - International economics explores the intricate dynamics of economic interactions between countries, delving into a myriad of topics and theories. At its core, it examines the flows of goods, services, capital, and labor across borders, and the resultant impact on economies worldwide.

An Essay On Urban Economic Theory

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Author : Yorgos Y. Papageorgiou
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06

An Essay On Urban Economic Theory written by Yorgos Y. Papageorgiou 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.

Over the past thirty years, urban economic theory has been one of the most active areas of urban and regional economic research. Just as static general equilibrium theory is at the core of modern microeconomics, so is the topic of this book - the static allocation of resources within a city and between cities - at the core of urban economic theory. An Essay on Urban Economic Theory well reflects the state of the field. Part I provides an elegant, coherent, and rigorous presentation of several variants of the monocentric (city) model - as the centerpiece of urban economic theory - treating equilibrium, optimum, and comparative statistics. Part II explores less familiar and even some uncharted territory. The monocentric model looks at a single city in isolation, taking as given a central business district surrounded by residences. Part II, in contrast, makes the intra-urban location of residential and non-residential activity the outcome of the fundamental tradeoff between the propensity to interact and the aversion to crowding; the resulting pattern of agglomeration may be polycentric. Part II also develops models of an urbanized economy with trade between specialized cities and examines how the market-determined size distribution of cities differs from the optimum. This book launches a new series, Advances in Urban and Regional Economics. The series aims to provide an outlet for longer scholarly works dealing with topics in urban and regional economics.

Advances In Economic Theory

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Author : Truman Fassett Bewley
language : en
Publisher: CUP Archive
Release Date : 1989-07-28

Advances In Economic Theory written by Truman Fassett Bewley and has been published by CUP Archive this book supported file pdf, txt, epub, kindle and other format this book has been release on 1989-07-28 with Business & Economics categories.

These articles should be helpful to anyone with training in economics.