An edition of General equilibrium theory (2011)

General equilibrium theory

an introduction

2nd ed.
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Last edited by ImportBot
July 31, 2020 | History
An edition of General equilibrium theory (2011)

General equilibrium theory

an introduction

2nd ed.
  • 0 Want to read
  • 0 Currently reading
  • 0 Have read

"General Equilibrium Theory: An Introduction presents the mathematical economic theory of price determination and resource allocation from elementary to advanced levels, suitable for advanced undergraduates and graduate students of economics. This Arrow-Debreu model (known for two of its most prominent founders, both Nobel Laureates) is the basis of modern price theory and of a wide range of applications. The text starts with elementary models: Robinson Crusoe, the Edgeworth Box, and a 2-commodity 2-household 2-firm model. It gives a brief introduction to the mathematics used in the field (continuity, convexity, separation theorems, Brouwer fixed-point theorem, point-to-set mappings, and Shapley-Folkman theorem). It then presents the mathematical general equilibrium model in progressively more general settings, including point-valued, set-valued, and non-convex set-valued demand and supply. Existence of general equilibrium, fundamental theorems of welfare economics, core convergence, and futures markets with time and uncertainty are treated fully. The new edition updates discussion throughout and expands the number and variety of exercises. It offers a revised and extended treatment of core convergence, including the case of non-convex preferences, and introduces the investigation of approximate equilibrium with U-shaped curves and non-convex preferences"--

Publish Date
Language
English
Pages
348

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Previews available in: English

Edition Availability
Cover of: General equilibrium theory
General equilibrium theory: an introduction
2011, Cambridge University Press
in English - 2nd ed.

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Book Details


Table of Contents

Machine generated contents note: Part I. General Equilibrium Theory: Getting Acquainted: 1. Concept and history of general equilibrium theory; 2. An elementary general equilibrium model
the Robinson Crusoe economy; 3. The Edgeworth box; 4. Integrating production and multiple consumption decisions: a 2 x 2 x 2 model; 5. Existence of general equilibrium in an economy with an excess demand function; Part II. Mathematics: 6. Logic and set theory; 7. RN: real N-dimensional Euclidean space; 8. Convex sets, separation theorems, and non-convex sets in RN; 9. The Brouwer fixed point theorem; Part III. An Economy with Bounded Production Technology, Supply and Demand Functions: 10. Markets, prices, commodities, and mathematical economic theory; 11. Production with bounded firm technology; 12. Households; 13. A market economy; 14. General equilibrium of the market economy with an excess demand function; Part IV. An Economy with Unbounded Production Technology, Supply and Demand Functions: 15. Theory of production: the unbounded technology case; 16. Households: the unbounded technology case; 17. A market economy: the unbounded technology case; 18. General equilibrium of the market economy: the unbounded technology case; Part V. Welfare Economics and the Scope of Markets: 19. Pareto efficiency and competitive equilibrium; 20. Time and uncertainty: futures markets; Part VI. Bargaining and Equilibrium: The Core: 21. The core of a market economy; 22. Convergence of the core of a large economy; Part VII. An Economy with Supply and Demand Correspondences: 23. Mathematics: analysis of point to set mappings; 24. General equilibrium of the market economy with an excess demand correspondence; 25. U-shaped cost curves and concentrated preferences; Part VIII. Standing on the Shoulders of Giants: 26. Next steps; 27. Summary and conclusion.

Edition Notes

Includes bibliographical references and index.

Published in
New York

Classifications

Dewey Decimal Class
330.01/51
Library of Congress
HB145 .S8 2011, HB145

The Physical Object

Pagination
xxxix, 348 p. :
Number of pages
348

ID Numbers

Open Library
OL24893566M
Internet Archive
generalequilibri00star_170
ISBN 10
0521826454, 0521533864
ISBN 13
9780521826457, 9780521533867
LCCN
2010054600
OCLC/WorldCat
697036491

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Download catalog record: RDF / JSON
July 31, 2020 Edited by ImportBot import existing book
June 30, 2019 Edited by MARC Bot import existing book
July 29, 2011 Created by LC Bot import new book