Foundations Of The Theory Of General Equilibrium (Second Edition) - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Foundations Of The Theory Of General Equilibrium (Second Edition) write by Yves Balasko. This book was released on 2016-05-11. Foundations Of The Theory Of General Equilibrium (Second Edition) available in PDF, EPUB and Kindle. The 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 good introduction to the economic theory of general equilibrium and makes use of various mathematical tools as intuitive and easy as possible. The second half of the book addresses properties of the general equilibrium model that are still at the frontier of current research. These properties deal with the characterization of economies with a unique equilibrium and, more generally, with the relationships between the number of equilibria and the fundamentals of an economy.
Foundations of the Theory of General Equilibrium
Foundations of the Theory of General Equilibrium - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Foundations of the Theory of General Equilibrium write by Yves Balasko. This book was released on 1986. Foundations of the Theory of General Equilibrium available in PDF, EPUB and Kindle.
The Flawed Foundations of General Equilibrium Theory
The Flawed Foundations of General Equilibrium Theory - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Flawed Foundations of General Equilibrium Theory write by Frank Ackerman. This book was released on 2004-06-24. The Flawed Foundations of General Equilibrium Theory available in PDF, EPUB and Kindle. This book, as the title suggests, explains how General equilibrium, the dominant conceptual framework in mainstream economics, describes a perfectly impossible world. Even with its counterfactual assumptions taken for granted, it fails on many levels. Under the impressive editorship of Ackerman and Nadal, this book will appeal to students and researchers in economics and related social science disciplines.
General Equilibrium Foundation of Partial Equilibrium Analysis
General Equilibrium Foundation of Partial Equilibrium Analysis - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook General Equilibrium Foundation of Partial Equilibrium Analysis write by Takashi Hayashi. This book was released on 2017-07-27. General Equilibrium Foundation of Partial Equilibrium Analysis available in PDF, EPUB and Kindle. This book addresses the gaps in undergraduate teaching of partial equilibrium analysis, providing a general equilibrium viewpoint to illustrate the assumptions underlying partial equilibrium welfare analysis. It remains unexplained, at least at the level of general economics teaching, in what sense partial equilibrium analysis is indeed a part of general equilibrium analysis. Partial equilibrium welfare analysis isolates a market for a single commodity from the rest of the economy, presuming that other things remain equal, and measures gains and losses by means of consumer surplus. This is a money metric that is supposed to be summable across individuals, recommending policy that maximizes the social surplus. But what justifies such apparently uni-dimensional practise? Within a general equilibrium framework, the assumption of no income effect is presented as the key condition, and substantive general equilibrium situations in which the condition emerges are presented. The analysis is extended to the case of uncertainty, in which the practice adopts aggregate expected consumer surplus, and scrutinizes when such practice is justified. Finally, the book illustrates partial equilibrium as an institutional artifact, meaning that institutional constraint induces individuals to behave as if they are in partial equilibrium. This volume forms an important contribution to the literature by researching why this disparity persists and the implications for economics education.
General Equilibrium Theory of Value
General Equilibrium Theory of Value - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook General Equilibrium Theory of Value write by Yves Balasko. This book was released on 2011-07-25. General Equilibrium Theory of Value available in PDF, EPUB and Kindle. The 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.
