Download or read book Efficiency and optimality of imperfect competition in general equilibrium written by V. Böhm and published by . This book was released on 1992 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Monopolistic Competition and General Equilibrium Theory written by Robert Triffin and published by . This book was released on 1962 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Structure of Applied General Equilibrium Models written by Victor Ginsburgh and published by MIT Press. This book was released on 2002 with total page 580 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bridges the gap between applied and theoretical general equilibrium models.

Download or read book Existence and Optimality of Competitive Equilibria written by Charalambos D. Aliprantis and published by Springer Science & Business Media. This book was released on 2013-06-29 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt: This monograph is a systematic exposition of the authors' research on general equi librium models with an infinite number of commodities. It is intended to serve both as a graduate text on aspects of general equilibrium theory and as an introduction, for economists and mathematicians working in mathematical economics, to current research in a frontier area of general equilibrium theory. To this end, we have pro vided two introductory chapters on the basic economic model and the mathematical framework. The exercises at the end of each section complement the main exposition. Chapter one is a concise but substantiative discussion of the questions of exis tence and optimality of competitive equilibria in the Walrasian general equilibrium model of an economy with a finite number of households, firms and commodities. Our extension of this model to economies with an infinite number of commodities constitutes the core material of this book and begins in chapter three. Readers fa miliar with the Walrasian general equilibrium model as exposited in (13], [23] or [52] may treat chapter one as a handy reference for the main economic concepts and notions that are used throughout the book.

Download or read book Perfect Competition written by Fouad Sabry and published by One Billion Knowledgeable. This book was released on 2024-01-24 with total page 340 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is Perfect Competition Perfect markets, also known as atomistic markets, are defined by a number of idealizing conditions that are together referred to as perfect competition or atomistic competition. This definition is found in the field of economics, more specifically in the theory of general equilibrium. In theoretical models when circumstances of perfect competition are present, it has been proved that a market will establish an equilibrium in which the quantity supplied for every commodity or service, including labor, matches the amount required at the current price. This equilibrium will be reached when the perfect competition criteria are met. An example of a Pareto optimal equilibrium would be this one. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Perfect competition Chapter 2: Duopoly Chapter 3: Microeconomics Chapter 4: Monopoly Chapter 5: Monopolistic competition Chapter 6: Oligopoly Chapter 7: Imperfect competition Chapter 8: Profit maximization Chapter 9: Economic equilibrium Chapter 10: Marginal cost Chapter 11: Monopoly profit Chapter 12: Market power Chapter 13: Marginal revenue Chapter 14: Marginal revenue productivity theory of wages Chapter 15: Bertrand competition Chapter 16: Long run and short run Chapter 17: Competition (economics) Chapter 18: Profit (economics) Chapter 19: Factor market Chapter 20: Bertrand-Edgeworth model Chapter 21: Monopoly price (II) Answering the public top questions about perfect competition. (III) Real world examples for the usage of perfect competition in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Perfect Competition.

Download or read book Dynamic General Equilibrium Models with Imperfectly Competitive Product Markets written by Julio Rotemberg and published by . This book was released on 1993 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses the consequences of introducing imperfectly competitive product markets into an otherwise standard neoclassical growth model. We pay particular attention to the consequences of imperfect competition for the explanation of fluctuations in aggregate economic activity. Market structures considered include monopolistic competition, the 'customer market' model of Phelps and Winter, and the implicit collusion model of Rotemberg and Saloner. Empirical evidence relevant to the numerical calibration of imperfectly competitive models is reviewed. The paper then analyzes the effects of imperfect competition upon the economy's response to several kinds of real shocks, including technology shocks, shocks to the level of government purchases, and shocks that change individual producers' degree of market power. It also discusses the role of imperfect competition in allowing for fluctuations due solely to self-fulfilling expectations.

Download or read book General Equilibrium Theory written by Fouad Sabry and published by One Billion Knowledgeable. This book was released on 2024-03-26 with total page 282 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is General Equilibrium Theory In economics, the general equilibrium theory seeks to explain the behavior of supply, demand, and prices in a whole economy that contains several or many markets that interact with one another. This is accomplished by attempting to demonstrate that the interaction of demand and supply will result in an overall general equilibrium. The theory of general equilibrium stands in contrast to the theory of partial equilibrium, which performs an analysis of a particular component of an economy while maintaining the status quo for all other aspects of the economy. Constant influences are deemed to be noneconomic, or, to put it another way, thought to be beyond the scope of economic study, when the economy is described as being in general equilibrium. The noneconomic impacts, on the other hand, are subject to change in response to changes in the economic factors; hence, the accuracy of the forecast made by an equilibrium model may be contingent on the independence of the economic components from the noneconomic ones. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: General equilibrium theory Chapter 2: Neoclassical economics Chapter 3: Perfect competition Chapter 4: Léon Walras Chapter 5: Welfare economics Chapter 6: Gérard Debreu Chapter 7: Edgeworth box Chapter 8: Arrow-Debreu model Chapter 9: Fundamental theorems of welfare economics Chapter 10: Walrasian auction Chapter 11: Walras's law Chapter 12: David Cass Chapter 13: Sonnenschein-Mantel-Debreu theorem Chapter 14: Lionel W. McKenzie Chapter 15: Competitive equilibrium Chapter 16: Mathematical economics Chapter 17: Roy Radner Chapter 18: Jacques Drèze Chapter 19: Disequilibrium macroeconomics Chapter 20: Excess demand function Chapter 21: Abstract economy (II) Answering the public top questions about general equilibrium theory. (III) Real world examples for the usage of general equilibrium theory in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of General Equilibrium Theory.

Download or read book Prices and Knowledge written by Esteban F. Thomsen and published by Routledge. This book was released on 2002-01-22 with total page 159 pages. Available in PDF, EPUB and Kindle. Book excerpt: The growth of information economics has lead to a substantial re-consideration of the role of prices. Instead of the conventional neo-classical view of prices as straightforward indicators of scarcity, information economics emphasises that prices can be sources from which agents infer information and means by which they communicate. Prices and Knowledge analyses different theoretical approaches to the role of prices in situations of imperfect information. It shows that whilst the `informational efficiency' approach of Grossman and Stiglitz and the `bounded rationality theory' of Nelson and Simon are useful, neither goes far enough in considering situations of disequilibrium.

Download or read book Noncooperative Approaches to the Theory of Perfect Competition written by Andreu Mas-Colell and published by Academic Press. This book was released on 2014-05-10 with total page 281 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic Theory, Econometrics, and Mathematical Economics: A Series of Monographs and Textbooks: Noncooperative Approaches to the Theory of Perfect Competition focuses on the application of noncooperative approaches to the theory of perfect competition, including Cournot game, no-surplus condition, and Nash equilibria. The selection first elaborates on collusive behavior in noncooperative epsilon-equilibria of oligopolies with long but finite lives and noncooperative price taking in large dynamic markets. Discussions focus on noncooperative equilibria which support the monopoly allocation, alternative definition of perfect epsilon-equilibrium, one-period Cournot game, fixed-demand case, and replication case. The book takes a look at noncooperative price taking in large dynamic markets, no-surplus condition as a characterization of perfectly competitive equilibrium, perfect competition, profit criterion, and the organization of economic activity. Topics include profits to individually improving welfare, structure of firms, competitive allocations as no surplus allocations, profits as rents, Walrasian and perfectly competitive equilibrium, and no-surplus and core equivalence as alternative characterizations of perfectly competitive equilibrium. The manuscript ponders on Nash equilibria of market games and efficiency properties of strategic market games, as well as commodities, agents, assignments, strategic markets games, proper and full Cournot-Nash equilibria, and finiteness and inefficiency. The selection is a valuable source of data for researchers interested in noncooperative approaches to the theory of perfect competition.

Download or read book Intermediate Microeconomics written by Patrick M. Emerson and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Optimal Inflation in an Open Economy with Imperfect Competition written by David M. Arseneau and published by . This book was released on 2004 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Perfect Competition and the Transformation of Economics written by Frank M. Machovec and published by Psychology Press. This book was released on 1995 with total page 391 pages. Available in PDF, EPUB and Kindle. Book excerpt: The assumptions of perfect information and perfect competition have been at the heart of neo-classical economics. However, in Perfect Competition and the Transformation of Economics, Frank Machovec demonstrates that the Walrasian vision has had a detrimental impact on the definition of economics and on its policy prescriptions. The author examines how economists came to accept an interventionist approach to domestic policy issues, and how the perfect-competition model transformed four key areas of study: industrial organization; comparative systems; the economics of development; international trade.

Download or read book Bank Competition and Financial Stability written by Mr.Gianni De Nicolo and published by International Monetary Fund. This book was released on 2011-12-01 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: We study versions of a general equilibrium banking model with moral hazard under either constant or increasing returns to scale of the intermediation technology used by banks to screen and/or monitor borrowers. If the intermediation technology exhibits increasing returns to scale, or it is relatively efficient, then perfect competition is optimal and supports the lowest feasible level of bank risk. Conversely, if the intermediation technology exhibits constant returns to scale, or is relatively inefficient, then imperfect competition and intermediate levels of bank risks are optimal. These results are empirically relevant and carry significant implications for financial policy.

Download or read book General Equilibrium written by Kenneth Joseph Arrow and published by Harvard University Press. This book was released on 1983 with total page 326 pages. Available in PDF, EPUB and Kindle. Book excerpt: The publication of Arrow's collected papers will be welcomed by economists and other social scientists and in particular by graduate students, who can draw from them the knowledge and the discernment in selection of scientific problems that only a master can offer. The author has added headnotes to certain well-known papers, describing his process.

Download or read book General Equilibrium Analysis of Imperfect Competition written by Ammar Siamwalla and published by . This book was released on 1966 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Economic Efficiency written by Fouad Sabry and published by One Billion Knowledgeable. This book was released on 2024-04-07 with total page 409 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is Economic Efficiency In microeconomics, economic efficiency, depending on the context, is usually one of the following two related concepts:Allocative or Pareto efficiency: any changes made to assist one person would harm another.Productive efficiency: no additional output of one good can be obtained without decreasing the output of another good, and production proceeds at the lowest possible average total cost. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Economic efficiency Chapter 2: Economics Chapter 3: Keynesian economics Chapter 4: Microeconomics Chapter 5: Neoclassical economics Chapter 6: Perfect competition Chapter 7: Pareto efficiency Chapter 8: General equilibrium theory Chapter 9: Market failure Chapter 10: New Keynesian economics Chapter 11: Economic globalization Chapter 12: Production-possibility frontier Chapter 13: Welfare economics Chapter 14: Allocative efficiency Chapter 15: Economic problem Chapter 16: Productive efficiency Chapter 17: Schools of economic thought Chapter 18: Neoclassical synthesis Chapter 19: New classical macroeconomics Chapter 20: Economic growth Chapter 21: Profit (economics) (II) Answering the public top questions about economic efficiency. (III) Real world examples for the usage of economic efficiency in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Economic Efficiency.

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: