The Non Pareto Efficiency Of Initial Allocation On Commodities And Monetary Equilibrium An Inside Economy
DOWNLOAD
Download The Non Pareto Efficiency Of Initial Allocation On Commodities And Monetary Equilibrium An Inside Economy PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get The Non Pareto Efficiency Of Initial Allocation On Commodities And Monetary Equilibrium An Inside Economy book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page
The Non Pareto Efficiency Of Initial Allocation On Commodities And Monetary Equilibrium An Inside Economy
DOWNLOAD
Author : Stanford University. Institute for Mathematical Studies in the Social Sciences
language : en
Publisher:
Release Date : 1972
The Non Pareto Efficiency Of Initial Allocation On Commodities And Monetary Equilibrium An Inside Economy written by Stanford University. Institute for Mathematical Studies in the Social Sciences and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1972 with categories.
The Social Viability Of Money
DOWNLOAD
Author : Joan Esteban
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
The Social Viability Of Money written by Joan Esteban 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.
In this book overlapping generations economies are analysed from a game theoretical point of view and the social acceptability of consumption allocations is studied in infinite horizon models of pure exchange economieswith agents with finite lifetimes who behave cooperatively. The core of such economies and its relation with competitive equilibria, both walrasian and monetary and the essential characteristics of the overlapping generations model are examined. The author defines the problem of trust in intertemporal consumption allocations as a question of belonging or not to the core of economy and provides a full characterization of the core allocations for n-goods pure exchange economies with one agent per generation: a consumption allocation belongs to the core if and only it is Pareto optimal and Sequentially Individually Rational. From this it follows that for one commodity economies no consumption allocation involving intertemporal transfers can belong to the core of the economy. In other words, no monetary equilibrium is socially viable. This result is no longer true for many goods models. For that case it is demonstrated that there exist bounds on the real value of equilibrium money purchases beyond which monetary equilibria are not socially viableand with many agents in every generation it is shown that as the economy becomes large and monetary (as well as IOU) equilibria become eventually excluded from the core of the economy. These results provide an analytical rationale for the fact that in most countries fiat money is legal tender.
General Equilibrium Models Of Monetary Economies
DOWNLOAD
Author : Ross M. Starr
language : en
Publisher: Academic Press
Release Date : 2014-05-10
General Equilibrium Models Of Monetary Economies written by Ross M. Starr and has been published by Academic Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-05-10 with Business & Economics categories.
General Equilibrium Models of Monetary Economies: Studies in the Static Foundations of Monetary Theory is a collection of essays that addresses the integration of the theory of money and the theory of value by using a mathematical general equilibrium theory. The papers discuss monetary theory, microeconomic theory, bilateral trade, transactions costs, intertemporal allocation, and the value of money. The Arrow-Debreu model of Walrasian general equilibrium theory provides a framework to represent money as a device for facilitating trade among economic agents without the use of money as a medium of exchange and as a store of value. The essays analyze the rationale for using a medium of exchange, for using a store of value, and for holding of idle balances in equilibrium. The essays show that by explicit modeling of the structure and difficulties of trade, a powerful class of models which deny money and finance a role in the economy, has by itself shown to have provided the foundation for the structures of trade. The collection will prove helpful for economists, statistician, mathematicians, students or professors of economics and business.
Advances In Mathematical Economics
DOWNLOAD
Author : Shigeo Kusuoka
language : en
Publisher: Springer Science & Business Media
Release Date : 2013-03-08
Advances In Mathematical Economics written by Shigeo Kusuoka 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 2013-03-08 with Business & Economics categories.
A lot of economic problems can be formulated as constrained optimizations and equilibration of their solutions. Various mathematical theories have been supplying economists with indispensable machineries for these problems arising in economic theory. Conversely, mathematicians have been stimulated by various mathematical difficulties raised by economic theories. The series is designed to bring together those mathematicians who are seriously interested in getting new challenging stimuli from economic theories with those economists who seek effective mathematical tools for their researchers. The editorial board of this series comprises the following prominent economists and mathematicians: Managing Editors: S. Kusuoka (Univ. Tokyo), T. Maruyama (Keio Univ.); Editors: R. Anderson (U.C. Berkeley), C. Castaing (Univ. Montpellier), F. H. Clarke (Univ. Lyon I), G. Debreu (U.C. Berkeley), E. Dierker (Univ. Vienna), D. Duffie (Stanford Univ.), L.C. Evans (U.C. Berkeley), T. Fujimoto (Okayama Univ.), J.-M. Grandmont (CREST-CNRS), N. Hirano (Yokohama National Univ.), L. Hurwicz (Univ. of Minnesota), T. Ichiishi (Ohio State Univ.), A. Ioffe (Israel Institute of Technology), S. Iwamoto (Kyushu Univ.), K. Kamiya (Univ. Tokyo), K. Kawamata (Keio Univ.), N. Kikuchi (Keio Univ.), H. Matano (Univ. Tokyo), K. Nishimura (Kyoto Univ.), M. K. Richter (Univ. Minnesota), Y. Takahashi (Kyoto Univ.), M. Valadier (Univ. Montpellier II), M. Yano (Keio Univ).
Essays On Monetary Equilibrium In A Sequence Of Markets
DOWNLOAD
Author : Masahiro Okuno
language : en
Publisher:
Release Date : 1974
Essays On Monetary Equilibrium In A Sequence Of Markets written by Masahiro Okuno and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1974 with Monetary policy categories.
A Note On The Uniqueness Of The Representation Of Commodity Augmenting Technical Change
DOWNLOAD
Author : L. J. Lau
language : en
Publisher:
Release Date : 1977
A Note On The Uniqueness Of The Representation Of Commodity Augmenting Technical Change written by L. J. Lau and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1977 with Production functions (Economic theory) categories.
Barter Markets
DOWNLOAD
Author : Neus Marti
language : en
Publisher: IIED
Release Date : 2006
Barter Markets written by Neus Marti and has been published by IIED this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with Agriculture categories.
Unsatisfactory Equilibria
DOWNLOAD
Author : Frank Hahn
language : en
Publisher:
Release Date : 1977
Unsatisfactory Equilibria written by Frank Hahn and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1977 with Equilibrium (Economics) categories.
Straightforward Individual Incentive Compatibility In Large Economies
DOWNLOAD
Author : P. J. Hammond
language : en
Publisher:
Release Date : 1977
Straightforward Individual Incentive Compatibility In Large Economies written by P. J. Hammond and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1977 with Economics, Mathematical categories.
On The Rate Of Convergence Of The Core
DOWNLOAD
Author : R. J. Aumann
language : en
Publisher:
Release Date : 1977
On The Rate Of Convergence Of The Core written by R. J. Aumann and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1977 with Convergence categories.