This book PDF is perfect for those who love Equilibrium (Economics) genre, written by Lionel W. McKenzie and published by MIT Press (MA) which was released on 20 May 2024 with total hardcover pages 318. You could read this book directly on your devices with pdf, epub and kindle format, check detail and related Classical General Equilibrium Theory books below.
| Author | : Lionel W. McKenzie |
| File Size | : 51,6 Mb |
| Publisher | : MIT Press (MA) |
| Language | : English |
| Release Date | : 20 May 2024 |
| ISBN | : 0262279525 |
| Pages | : 318 pages |
A detailed overview of the classical model of general equilibrium theory.
A detailed overview of the classical model of general equilibrium theory.
Get BookWritten by one of the key pioneers in the field, this book offers an accessible introduction to general equilibrium theory. Written for undergraduates taking courses in economic theory and modelling who have limited mathematical proficiency, the book fills a gap between forbidding technical expositions and the less rigorous elementary ones.
Get BookThe concept of general equilibrium, one of the central components of economic theory, explains the behavior of supply, demand, and prices by showing that supply and demand exist in balance through pricing mechanisms. The mathematical tools and properties for this theory have developed over time to accommodate and incorporate developments
Get BookThe economic theory of general equilibrium underpins the most important models used in economic theory in general and in its more specialized areas such as macroeconomics, international trade, environmental economics, growth theory, and developmental economics. In Foundations of the Theory of General Equilibrium, leading academic scholar, Yves Balasko offers a
Get Book"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
Get BookGeneral 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: OCyDoes the pursuit of private interest, through a system
Get BookGeneral Equilibrium Theory: An Introduction treats the classic Arrow-Debreu general equilibrium model in a form accessible to graduate students and advanced undergraduates in economics and mathematics. Topics covered include mathematical preliminaries, households and firms, existence of general equilibrium, Pareto efficiency of general equilibrium, the First and Second Fundamental Theorems of
Get BookAfter discussing shortcomings in the work of some contemporary theorists, Walker (economics, Indiana U.) offers a new approach to the construction of general equilibrium models. He discusses the meaning of perfect competition and the features of markets that give rise to it, the differences between virtual models and those in
Get Book