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Author : Alessandro Citanna
Publisher :
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.:/5 (318 download)
Download or read book Constrained Suboptimality in Incomplete Markets written by Alessandro Citanna and published by . This book was released on 1994 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Michael Magill
Publisher : MIT Press
ISBN 13 : 9780262632546
Total Pages : 566 pages
Book Rating : 4.6/5 (325 download)
Download or read book Theory of Incomplete Markets written by Michael Magill and published by MIT Press. This book was released on 2002 with total page 566 pages. Available in PDF, EPUB and Kindle. Book excerpt: Theory of incompl. markets/M. Magill, M. Quinzii. - V.1.
Author : Antonio Villanacci
Publisher : Springer Science & Business Media
ISBN 13 : 1475736193
Total Pages : 495 pages
Book Rating : 4.4/5 (757 download)
Download or read book Differential Topology and General Equilibrium with Complete and Incomplete Markets written by Antonio Villanacci and published by Springer Science & Business Media. This book was released on 2013-04-17 with total page 495 pages. Available in PDF, EPUB and Kindle. Book excerpt: General equilibrium In this book we try to cope with the challenging task of reviewing the so called general equilibrium model and of discussing one specific aspect of the approach underlying it, namely, market completeness. With the denomination "general equilibrium" (from now on in short GE) we shall mainly refer to two different things. On one hand, in particular when using the expression "GE approach", we shall refer to a long established methodolog ical tradition in building and developing economic models, which includes, as of today, an enormous amount of contributions, ranging in number by several 1 thousands • On the other hand, in particular when using the expression "stan dard differentiable GE model", we refer to a very specific version of economic model of exchange and production, to be presented in Chapters 8 and 9, and to be modified in Chapters 10 to 15. Such a version is certainly formulated within the GE approach, but it is generated by making several quite restrictive 2 assumptions • Even to list and review very shortly all the collective work which can be ascribed to the GE approach would be a formidable task for several coauthors in a lifetime perspective. The book instead intends to address just a single issue. Before providing an illustration of its main topic, we feel the obligation to say a word on the controversial character of GE. First of all, we should say that we identify the GE approach as being based 3 on three principles .
Author : Antonio Villanacci
Publisher : Springer Science & Business Media
ISBN 13 : 9781402072017
Total Pages : 516 pages
Book Rating : 4.0/5 (72 download)
Download or read book Differential Topology and General Equilibrium with Complete and Incomplete Markets written by Antonio Villanacci and published by Springer Science & Business Media. This book was released on 2002-08-31 with total page 516 pages. Available in PDF, EPUB and Kindle. Book excerpt: Local uniqueness and smooth dependence of the endogenous variables from the exogenous ones are studied using a version of a so-called parametric transversality theorem. In a standard general equilibrium model, all equilibria are efficient, but that is not the case if some imperfection, like incomplete markets, asymmetric information, strategic interaction, is added. Then, for almost all economies, equilibria are inefficient, and an outside institution can Pareto improve upon the market outcome. Those results are proved showing that a well-chosen system of equations has no solutions."
Author : Michael Magill
Publisher :
ISBN 13 :
Total Pages : 540 pages
Book Rating : 4.:/5 (986 download)
Download or read book Theory of Incomplete Markets written by Michael Magill and published by . This book was released on 1996 with total page 540 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Stephen E. Spear
Publisher : Emerald Group Publishing
ISBN 13 : 0857246453
Total Pages : 413 pages
Book Rating : 4.8/5 (572 download)
Download or read book The Collected Scientific Work of David Cass written by Stephen E. Spear and published by Emerald Group Publishing. This book was released on 2011-01-27 with total page 413 pages. Available in PDF, EPUB and Kindle. Book excerpt: Covers the period from the middle 1980's through the end of David Cass' life in 2008.
Author : S. Kusuoka
Publisher : Springer Science & Business Media
ISBN 13 : 4431308997
Total Pages : 481 pages
Book Rating : 4.4/5 (313 download)
Download or read book Advances in Mathematical Economics Volume 8 written by S. Kusuoka and published by Springer Science & Business Media. This book was released on 2007-02-15 with total page 481 pages. Available in PDF, EPUB and Kindle. Book excerpt: A lot of economic problems can 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 were seriously interested in getting new challenging stimuli from economic theories with those economists who are seeking for effective mathematical tools for their researchers.
Author : Timothy J. Kehoe
Publisher : Cambridge University Press
ISBN 13 : 1139443720
Total Pages : 452 pages
Book Rating : 4.1/5 (394 download)
Download or read book Frontiers in Applied General Equilibrium Modeling written by Timothy J. Kehoe and published by Cambridge University Press. This book was released on 2005-01-17 with total page 452 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2005 volume brings together twelve papers by many of the most prominent applied general equilibrium modelers honoring Herbert Scarf, the father of equilibrium computation in economics. It deals with developments in applied general equilibrium, a field which has broadened greatly since the 1980s. The contributors discuss some traditional as well as some modern topics in the field, including non-convexities in economy-wide models, tax policy, developmental modeling and energy modeling. The book also covers a range of distinct approaches, conceptual issues and computational algorithms, such as calibration and areas of application such as macroeconomics of real business cycles and finance. An introductory chapter written by the editors maps out issues and scenarios for the future evolution of applied general equilibrium.
Author : Charles P. Thomas
Publisher :
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.:/5 (318 download)
Download or read book The Role of Fiscal Policy in an Incomplete Markets Framework written by Charles P. Thomas and published by . This book was released on 1993 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Ernesto Screpanti
Publisher : OUP Oxford
ISBN 13 : 0191647764
Total Pages : 584 pages
Book Rating : 4.1/5 (916 download)
Download or read book An Outline of the History of Economic Thought written by Ernesto Screpanti and published by OUP Oxford. This book was released on 2005-05-26 with total page 584 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a comprehensive overview of the development of economics from its beginnings, at the end of the Middle Ages, up to contemporary developments. It is strong on contemporary theory, providing extensive coverage of the twentieth century, particularly since the Second World War. The second edition has been revised and updated to take account of new developments in economic thought.
Author : Mukul Majumdar
Publisher : Cambridge University Press
ISBN 13 : 9780521553001
Total Pages : 372 pages
Book Rating : 4.5/5 (53 download)
Download or read book Organization with Incomplete Information written by Mukul Majumdar and published by Cambridge University Press. This book was released on 1998-09-13 with total page 372 pages. Available in PDF, EPUB and Kindle. Book excerpt: There have been systematic attempts over the last twenty-five years to explore the implications of decision making with incomplete information and to model an 'economic man' as an information-processing organism. These efforts are associated with the work of Roy Radner, who joins other analysts in this collection to offer accessible overviews of the existing literature on topics such as Walrasian equilibrium with incomplete markets, rational expectations equilibrium, learning, Markovian games, dynamic game-theoretic models of organization, and experimental work on mechanism selection. Some essays also take up relatively new themes related to bounded rationality, complexity of decisions, and economic survival. The collection overall introduces models that add to the toolbox of economists, expand the boundaries of economic analysis, and enrich our understanding of the inefficiencies and complexities of organizational design in the presence of uncertainty.
Author : Bernard Salanie
Publisher : MIT Press
ISBN 13 : 0262264625
Total Pages : 239 pages
Book Rating : 4.2/5 (622 download)
Download or read book Microeconomics of Market Failures written by Bernard Salanie and published by MIT Press. This book was released on 2000-10-10 with total page 239 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bernard Salanié studies situations where competitive markets fail to achieve a collective optimum and the interventions used to remedy these so-called market failures. In this book Bernard Salanié studies situations where competitive markets fail to achieve a collective optimum and the interventions used to remedy these so-called market failures. He includes discussions of theories of collective decision making, as well as elementary models of public economics and industrial organization. Although public economics is traditionally defined as the positive and normative study of government action over the economy, Salanié confines himself to microeconomic aspects of welfare economics; he considers taxation and the effects of public spending only as potential remedies for market failures. He concludes with a discussion of the theory of general equilibrium in incomplete markets.
Author : Stefano Zamagnid
Publisher : Springer
ISBN 13 : 1349110299
Total Pages : 512 pages
Book Rating : 4.3/5 (491 download)
Download or read book Value and Capital: Fifty Years Later written by Stefano Zamagnid and published by Springer. This book was released on 2016-07-27 with total page 512 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Jung-moh Chang
Publisher :
ISBN 13 :
Total Pages : 112 pages
Book Rating : 4.:/5 (35 download)
Download or read book Essays on Incomplete Markets written by Jung-moh Chang and published by . This book was released on 2007 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Frank Hahn
Publisher : Routledge
ISBN 13 : 113443362X
Total Pages : 544 pages
Book Rating : 4.1/5 (344 download)
Download or read book General Equilibrium written by Frank Hahn and published by Routledge. This book was released on 2003-09-02 with total page 544 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent years certain leading figures in the world of economics have called the usefulness of general equilibrium theory into question. This superb new book brings together leading economic theorists with important contributions to the ongoing debate. General equilibrium theorists including Michio Morishima, Michael Magill and Martine Quinzii debate strengths, weaknesses and possible futures with leading thinkers such as Herb Gintis, Pierangelo Garegnani and Duncan Foley, who seek to explain the rejection of general equilibrium. Uniquely, none of the contributors portray general equilibrium theory as the perfect guide to market economies actual behaviour, but rather illustrate that there is insufficient acquaintance with existing alternatives and that general equilibrium theory is often used as an ideal 'benchmark'.
Author :
Publisher : Springer
ISBN 13 : 1349588024
Total Pages : 7493 pages
Book Rating : 4.3/5 (495 download)
Download or read book The New Palgrave Dictionary of Economics written by and published by Springer. This book was released on 2016-05-18 with total page 7493 pages. Available in PDF, EPUB and Kindle. Book excerpt: The award-winning The New Palgrave Dictionary of Economics, 2nd edition is now available as a dynamic online resource. Consisting of over 1,900 articles written by leading figures in the field including Nobel prize winners, this is the definitive scholarly reference work for a new generation of economists. Regularly updated! This product is a subscription based product.
Author : Ryo Nagata
Publisher : World Scientific
ISBN 13 : 9812388494
Total Pages : 235 pages
Book Rating : 4.8/5 (123 download)
Download or read book Theory of Regular Economies written by Ryo Nagata and published by World Scientific. This book was released on 2004 with total page 235 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents a comprehensive treatment of the theory of regular economies, which is one of the most advanced topics in modern general equilibrium theory, emphasizing the basic ideas, the tools and the important applications. Although many notions and tools of differential topology are required to understand the theory, the author chooses a minimum of them and heuristically arranges them; that is, instead of lumping together all the necessary mathematics, the author puts at the beginning of each chapter the minimum mathematics required for the economic analysis of the chapter, so that the reader will not only save much effort on the mathematics but also directly understand how successfully the mathematics is used for the economic issues.
