Imperfectly Competitive General Equilibria and the Choice of Price Normalization
Author: Robin Ellen Stonecash
Publisher:
Published: 1995
Total Pages: 26
ISBN-13:
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Essays in Dynamic General Equilibrium Theory
Author: Alessandro Citanna
Publisher: Springer Science & Business Media
Published: 2006-01-11
Total Pages: 278
ISBN-13: 3540271929
DOWNLOAD EBOOKIn the area of dynamic economics, David Cass’s work has spawned a number of important lines of research, including the study of dynamic general equilibrium theory, the concept of sunspot equilibria, and general equilibrium theory when markets are incomplete. Based on these contributions, this volume contains new developments in the field, written by Cass's students and co-authors.
Dynamic Macroeconomics with Imperfect Competition
Author: Leo Kaas
Publisher: Springer Science & Business Media
Published: 2012-12-06
Total Pages: 166
ISBN-13: 3642584799
DOWNLOAD EBOOKThis thesis was stimulated throughout the time of my participation in a research project on Dynamic Macroeconomics, supported by the German Research Foundation (DFG). The starting point was the central question of how to integrate price setting firms in a dynamic disequilibrium model. Almost all recent literature on imperfect competition in macroeconomics applies the objective demand approach by assuming that firms know the true demand curve they are faced with. While this approach can be ap plied in temporary monetary equilibrium models, it proves inadequate for formulating price adjustment in a dynamic disequilibrium model, where it has to be replaced by the concept of subjective demand. Based on this distinction, the thesis starts out with a comparison of the concepts of subjective and objective demand in an abstract framework and surveys the literature on general equilibrium theory with imperfect competition. The objective demand approach is criticized not only on the grounds of its strong rationality requirements and existence problems, but also by the observation that it cannot be applied successfully to characterize determinate rational expectations equilibria in intertemporal macroeco nomics. Finally, price setting firms using subjective demand functions are integrated in a dynamic disequilibrium model in order to study mo nopolistic and oligopolistic price adjustment.
The Gains from Trade and the Gains from Aid
Author: Murray C. Kemp
Publisher: Routledge
Published: 2002-09-11
Total Pages: 440
ISBN-13: 1134792018
DOWNLOAD EBOOKThis book focuses on the normative side of trade theory and is divided into five parts: * trade under perfect competition; * restricted trade under perfect competition; * trade under imperfect competition and other distortions; * Compensation: lumpsum, non-lumpsum or neither? * International trade
General Equilibrium Theory of Value
Author: Yves Balasko
Publisher: Princeton University Press
Published: 2011-07-25
Total Pages: 188
ISBN-13: 1400838916
DOWNLOAD EBOOKThe 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 in economic theory, from multiple markets and economic agents to theories of production. Yves Balasko offers an extensive, up-to-date look at the standard theory of general equilibrium, to which he has been a major contributor. This book explains how the equilibrium manifold approach can be usefully applied to the general equilibrium model, from basic consumer theory and exchange economies to models with private ownership of production. Balasko examines properties of the standard general equilibrium model that are beyond traditional existence and optimality. He applies the theory of smooth manifolds and mappings to the multiplicity of equilibrium solutions and related discontinuities of market prices. The economic concepts and differential topology methods presented in this book are accessible, clear, and relevant, and no prior knowledge of economic theory is necessary. General Equilibrium Theory of Value offers a comprehensive foundation for the most current models of economic theory and is ideally suited for graduate economics students, advanced undergraduates in mathematics, and researchers in the field.
Price Normalization and Equilibria in General Equilibrium Models of International Trade Under Imperfect Conditions
Author: T. N. Srinivasan
Publisher:
Published: 1994
Total Pages: 30
ISBN-13:
DOWNLOAD EBOOKTrade, Theory and Econometrics
Author: James R. Melvin
Publisher: Routledge
Published: 2012-08-06
Total Pages: 416
ISBN-13: 1134752814
DOWNLOAD EBOOKThis book brings together cutting edge contributions in the fields of international economics, micro theory, welfare economics and econometrics, with contributions from Donald R. Davis, Avinash K. Dixit, Tadashi Inoue, Ronald W. Jones, Dale W. Jorgenson, K. Rao Kadiyala, Murray C. Kemp, Kenneth M. Kletzer, Anne O. Krueger, Mukul Majumdar, Daniel McFadden, Lionel McKenzie, James R. Melvin, James C. Moore, Takashi Negishi, Yoshihiko Otani, Raymond Riezman, Paul A. Samuelson, Joaquim Silvestre and Marie Thursby.
Microeconomic Theories of Imperfect Competition
Author: Jean Jaskold Gabszewicz
Publisher: Edward Elgar Publishing
Published: 1999
Total Pages: 856
ISBN-13:
DOWNLOAD EBOOKThis collection of readings provides a broad overview of the major theoretical concepts in the field and includes papers on industry size, quantity and price competition, entry barriers, product differentiation, incomplete information and general equilibrium with imperfect competition.
Applied General Equilibrium and Economic Development
Author: Jean Mercenier
Publisher: University of Michigan Press
Published: 1994
Total Pages: 384
ISBN-13: 9780472103829
DOWNLOAD EBOOK"Traditional tools of analysis that focus on particular commodities or sectors, a particular time frame, and aggregate diverse socioeconomic groups are ill-suited to analyze the consequences of the economic reforms of the last ten years. This volume shows the greater power and relevance of applied general equilibrium methods." "Through discussion of several major policy issues - agricultural and food policy, economies of scale in production and the associated market imperfections, macrostabilization programs, and modeling intertemporal tradeoffs - the contributors present work representative of the major trends in applied general equilibrium modeling of developing-country issues. Policy analysis using a rich variety of static, recursive, and intertemporal dynamic models is illustrated with problems from a number of developing countries in Africa, Asia, and Latin America. The countries studied range widely in their institutional features, stages of development, and economic size."--BOOK JACKET.Title Summary field provided by Blackwell North America, Inc. All Rights Reserved
Economics Essays
Author: Gerard Debreu
Publisher: Springer Science & Business Media
Published: 2013-04-17
Total Pages: 363
ISBN-13: 3662046237
DOWNLOAD EBOOKBack in the good old days on the fourth floor of the Altbau of Bonn's Ju ridicum, Werner Hildenbrand put an end to a debate about a festschrift in honor of an economist on the occasion of his turning 60 with a laconic: "Much too early." Remembering his position five years ago, we did not dare to think about one for him. But now he has turned 65. If consulted, he would most likely still answer: "Much too early." However, he has to take his official re tirement, and we believe that this is the right moment for such an endeavor. No doubt Werner Hildenbrand will not really retire. As professor emeritus, free from the constraints of a rigid teaching schedule and the burden of com mittee meetings, he will be able to indulge his passions. We expect him to pursue, with undiminished enthusiasm, his research, travel, golfing, the arts, and culinary pleasures - escaping real retirement.
