General Equilibrium and Comparative Statics in an Exchange Economy with Money, Price Uncertainty and Transactions Costs

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ISBN 13 :
Total Pages : 40 pages
Book Rating : 4.:/5 (634 download)

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Book Synopsis General Equilibrium and Comparative Statics in an Exchange Economy with Money, Price Uncertainty and Transactions Costs by : Richard Dusansky

Download or read book General Equilibrium and Comparative Statics in an Exchange Economy with Money, Price Uncertainty and Transactions Costs written by Richard Dusansky and published by . This book was released on 1974 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:

General Equilibrium Models of Monetary Economies

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Publisher : Academic Press
ISBN 13 : 1483273512
Total Pages : 364 pages
Book Rating : 4.4/5 (832 download)

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Book Synopsis General Equilibrium Models of Monetary Economies by : Ross M. Starr

Download or read book General Equilibrium Models of Monetary Economies written by Ross M. Starr and published by Academic Press. This book was released on 2014-05-10 with total page 364 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Studies in the General Equilibrium Theory of Money and Transaction Costs

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Publisher :
ISBN 13 :
Total Pages : 34 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Studies in the General Equilibrium Theory of Money and Transaction Costs by : Seppo Honkapohja

Download or read book Studies in the General Equilibrium Theory of Money and Transaction Costs written by Seppo Honkapohja and published by . This book was released on 1979 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Pricing and Equilibrium

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Publisher : Psychology Press
ISBN 13 : 9780415313193
Total Pages : 400 pages
Book Rating : 4.3/5 (131 download)

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Book Synopsis Pricing and Equilibrium by : Erich Schneider

Download or read book Pricing and Equilibrium written by Erich Schneider and published by Psychology Press. This book was released on 2003 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume analyses value and equilibrium. Chapters on the decisions of household and on the theory of the firm (including short and long-term planning and investment) include both static and dynamic analysis. * Based on the enlarged sixth German edition this English edition contains many diagrams and an introduction to linear programming, as well as full treatment of the author's well-known theory of production.

Money and General Equilibrium Theory

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Publisher : Edward Elgar Publishing
ISBN 13 :
Total Pages : 232 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Money and General Equilibrium Theory by : Pascal Bridel

Download or read book Money and General Equilibrium Theory written by Pascal Bridel and published by Edward Elgar Publishing. This book was released on 1997 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bridel (economics, U. of Lausanne, Switzerland) reconstructs the pioneering attempts of Leon Walras (1834-1910) and Vilfredo Pareto (1848-1923) to coordinate money and general equilibrium theory. He argues that the very logic of the original static general equilibrium model excludes the integration of monetary and value theory, shows how money is prevented from playing its essential role as a social institution in allowing monetary exchanges between individuals, and calls for some radical re- thinking about the theoretical construction on which much modern economic theory is based. Annotation copyrighted by Book News, Inc., Portland, OR

General Equilibrium

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Publisher : World Scientific
ISBN 13 : 9812818340
Total Pages : 492 pages
Book Rating : 4.8/5 (128 download)

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Book Synopsis General Equilibrium by : W. D. A. Bryant

Download or read book General Equilibrium written by W. D. A. Bryant and published by World Scientific. This book was released on 2010 with total page 492 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This book focuses on the foundations of general equilibrium theory, more specifically on the existence, uniqueness, stability, optimality and comparative static properties of equilibrium states. It also explores the question of the empirical relevance of equilibrium states. It highlights a series of 'relationship conditions' which are essential for the existence of equilibrium, but appear in optimality results." -- PUBLISHER WEBSITE.

Equilibrium and Demand for Media of Exchange in a Pure Exchange Economy with Transactions Costs

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Publisher :
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.:/5 (227 download)

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Book Synopsis Equilibrium and Demand for Media of Exchange in a Pure Exchange Economy with Transactions Costs by : Ross M. Starr

Download or read book Equilibrium and Demand for Media of Exchange in a Pure Exchange Economy with Transactions Costs written by Ross M. Starr and published by . This book was released on 1970 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Mathematical general equilibrium analysis has to date developed almost completely without reference to monetary phenomena or money as a commodity. Clearly this leaves us somewhat at sea in looking for a mathematical general equilibrium analysis of a monetary economy. This gap in the theory reflects actually a more fundamental lacuna, the absence of a theory of transactions. Money's primary function--the one from which its other roles derive--is as a medium of exchange, a facilitator of transactions. But what do transactions look like in a general equilibrium model. The story that is usually told to describe the market of a general equilibrium model is something like this: All the traders get together in one place with an auctioneer. The latter eventually calls out equilibrium prices. All traders then put their excess supplies at those prices into a central pile of goods and withdraw from that pile their excess demands. Because the prices are equilibrium prices, supplies and demands balance and no trader is left with an unsatisfied demand. (Author).

Nonparametric Comparative Statics and Stability

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Publisher : Princeton University Press
ISBN 13 : 9780691006901
Total Pages : 276 pages
Book Rating : 4.0/5 (69 download)

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Book Synopsis Nonparametric Comparative Statics and Stability by : Douglas Hale

Download or read book Nonparametric Comparative Statics and Stability written by Douglas Hale and published by Princeton University Press. This book was released on 1999 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: Applications of the analysis range from determining refutable hypotheses from theory to auditing the solutions of large, computer-based systems."--BOOK JACKET.

General Equilibrium: Theory And Evidence

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Publisher : World Scientific
ISBN 13 : 9814470864
Total Pages : 492 pages
Book Rating : 4.8/5 (144 download)

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Book Synopsis General Equilibrium: Theory And Evidence by : William David Anthony Bryant

Download or read book General Equilibrium: Theory And Evidence written by William David Anthony Bryant and published by World Scientific. This book was released on 2009-10-07 with total page 492 pages. Available in PDF, EPUB and Kindle. Book excerpt: General Equilibrium Theory studies the properties and operation of free market economies. The field is a response to a series of questions originally outlined by Leon Walras about the operation of markets and posed by Frank Hahn in the following way: ‘Does the pursuit of private interest, through a system of interconnected deregulated markets, lead not to chaos but to coherence — and if so, how is that achieved?’ This is always an apt question, but particularly so given the ‘Global Financial Crisis’ that emerged from the operation of market economies in the Americas and Europe in mid to late 2008.The answer that General Equilibrium Theory provides to the Walras-Hahn question is that, under certain conditions coherence is possible, while under certain other conditions chaos, in various forms, is likely to prevail. The conditionality of either outcome is not always well understood — neither by proponents of, or antagonists to, the ‘free market position’. Consequently, this book attempts to show something of what General Equilibrium Theory has to say about the wisdom or otherwise of always relying on ‘market forces’ to manage complex socio-economic systems.

Comparative Statics of General Equilibrium Asset-pricing

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Publisher :
ISBN 13 :
Total Pages : 122 pages
Book Rating : 4.:/5 (35 download)

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Book Synopsis Comparative Statics of General Equilibrium Asset-pricing by : Theodoros M. Diasakos

Download or read book Comparative Statics of General Equilibrium Asset-pricing written by Theodoros M. Diasakos and published by . This book was released on 2007 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt:

General Equilibrium Analysis of Monetary Economies

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Publisher :
ISBN 13 :
Total Pages : 266 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis General Equilibrium Analysis of Monetary Economies by : Ross M. Starr

Download or read book General Equilibrium Analysis of Monetary Economies written by Ross M. Starr and published by . This book was released on 1971 with total page 266 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Disequilibrium Foundations of Equilibrium Economics

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Publisher : Cambridge University Press
ISBN 13 : 9780521242646
Total Pages : 258 pages
Book Rating : 4.2/5 (426 download)

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Book Synopsis Disequilibrium Foundations of Equilibrium Economics by : Franklin M. Fisher

Download or read book Disequilibrium Foundations of Equilibrium Economics written by Franklin M. Fisher and published by Cambridge University Press. This book was released on 1983-11-25 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: The most common mode of analysis in economic theory is to assume equilibrium. Yet, without a proper theory of how economies behave in disequilibrium, there is no foundation for such a practice. The necessary step in proposing a foundation is the formulation of a theory of stability, and in this 1984 book, Professor Fisher is primarily concerned with this subject, although disequilibrium behavior itself is analyzed. The author first undertakes a review of the existing literature on the stability of general equilibrium. He then proposes a more satisfactory general model in which agents realize their state of disequilibrium and act on arbitrage opportunities. The interrelated topics of the role of money, the nature of quantity constraints, and the optimal behaviour of arbitraging agents are extensively treated.

Adaptive Economic Models

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Publisher : Academic Press
ISBN 13 : 1483267326
Total Pages : 592 pages
Book Rating : 4.4/5 (832 download)

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Book Synopsis Adaptive Economic Models by : Richard H. Day

Download or read book Adaptive Economic Models written by Richard H. Day and published by Academic Press. This book was released on 2014-05-10 with total page 592 pages. Available in PDF, EPUB and Kindle. Book excerpt: Adaptive Economic Models provides information pertinent to the adaptive processes in economics. This book discusses the developments on research in the field of adaptive economics. Organized into 23 chapters, this book begins with an overview of the study of economic processes using concepts of adaptation. This text then explains how concepts arising from biology can be formulated in such a way that they can be a source of insight into man's social systems. Other chapters present a general view of the adaptation of the firm to its environment and discuss how a firm with a definite commodity in mind can decide whether to enter a given established market. This book discusses as well the simple duopoly problem in which firms are in error in the sense that they specify an incomplete model and add a random error term. The final chapter deals with the set of models and problems for the development of a theory of money and financial institutions. This book is a valuable resource for economic theorists and economists.

Theory of General Economic Equilibrium

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Publisher : Academic Press
ISBN 13 : 1483268926
Total Pages : 383 pages
Book Rating : 4.4/5 (832 download)

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Book Synopsis Theory of General Economic Equilibrium by : Trout Rader

Download or read book Theory of General Economic Equilibrium written by Trout Rader and published by Academic Press. This book was released on 2014-05-10 with total page 383 pages. Available in PDF, EPUB and Kindle. Book excerpt: Theory of General Economic Equilibrium provides information pertinent to the general economic equilibrium theory. This book covers a variety of topics, including efficiency, economic systems analysis, welfare economics, and international trade. Organized into three parts encompassing eight chapters, this book begins with an overview of the theory of efficient production and growth where consumer preferences play a subordinate role. This text then examines that for the case where preferences satisfy appropriate conditions, efficiency theory is superseded as normative analysis by optimality theory. Other chapters consider the optimization of consumer preferences that leads to the decline of many families. This book discusses as well the existence of equilibrium, which is of importance to both normative and positive economics. The final chapter deals with the question of the speed with which the economic system attains its equilibrium state, which is assumed to be stationary. This book is a valuable resource for professional economists and advanced graduate students in economics.

A Monetary Equilibrium Model with Transactions Costs

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Publisher :
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.3/5 (9 download)

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Book Synopsis A Monetary Equilibrium Model with Transactions Costs by : Julio Rotemberg

Download or read book A Monetary Equilibrium Model with Transactions Costs written by Julio Rotemberg and published by . This book was released on 1982 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents the competitive equilibrium of an economy in which people hold money for transactions purposes. It studies both the steady states which result from different rates of monetary expansion and the effects of such non-steady state events as an open market operation. Even though the model features no uncertainty and perfect foresight, open market operations affect aggregate output. In particular, a simultaneous increase in money and governmental holdings of capital temporarily raises aggregate capital and output while it lowers the real rate of interest on capital.

Applied General Equilibrium

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Publisher : Springer Science & Business Media
ISBN 13 : 3642247466
Total Pages : 126 pages
Book Rating : 4.6/5 (422 download)

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Book Synopsis Applied General Equilibrium by : Manuel Alejandro Cardenete

Download or read book Applied General Equilibrium written by Manuel Alejandro Cardenete and published by Springer Science & Business Media. This book was released on 2012-01-05 with total page 126 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

General Equilibrium Analysis of Production and Increasing Returns

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Publisher : World Scientific
ISBN 13 : 9812833315
Total Pages : 285 pages
Book Rating : 4.8/5 (128 download)

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Book Synopsis General Equilibrium Analysis of Production and Increasing Returns by : Takashi Suzuki

Download or read book General Equilibrium Analysis of Production and Increasing Returns written by Takashi Suzuki and published by World Scientific. This book was released on 2009 with total page 285 pages. Available in PDF, EPUB and Kindle. Book excerpt: techniques in this field, such as measure theory, manifold theory and Banach space theory." --Book Jacket.