Download or read book Walrasian and Non Walrasian Equilibria written by Anjan Mukherji and published by Oxford University Press, USA. This book was released on 1990 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book On Non Walrasian Equilibria written by Hal R. Varian and published by . This book was released on 1975 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The cause of non Walrasian equilibria written by Stephen G. Hall and published by . This book was released on 1980 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book An Introduction to General Equilibrium Analysis written by Anjan Mukherji and published by Oxford University Press, USA. This book was released on 2002 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Book Provides A Thorough Introduction To General Equilibrium Analysis For Non-Specialist Students Filling The Gap Between The Classic High-Level Texts, And On The Other, The Very Limited Presentation Of The Theory In Terms Of Edgeworth Box Diagrams.
Download or read book Non Walrasian Equilibria written by Jean-Pascal Bénassy and published by . This book was released on 1987 with total page 99 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Macroeconomics written by Jean-Pascal Benassy and published by Academic Press. This book was released on 2014-05-10 with total page 265 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Macroeconomics" builds a number of macroeconomic models applying the non-Walrasian methodology. The literature on the subject has grown so rapidly in recent years that it would be unreasonable to try to give an exhaustive account of all existing models in the field. We have thus chosen to present here some models that cover as large a number of questions as possible within a simple and unified framework. We also want to bridge the gap with traditional macroeconomics while extending the analysis on various points, which be investigated by purposely making each time the simplest possible assumptions about the formation of the various prices (or, when needed, expectations) involved. This will allow us to demonstrate in a straightforward manner the synthetic qualities of the theory, both by making a natural synthesis with traditional macroeconomics, where similar simple assumptions are made, and by treating a large number of topics while using throughout a very unified macroframework.
Download or read book On Non Walrasian Equilibria written by Stanford University. Institute for Mathematical Studies in the Social Sciences and published by . This book was released on 1976 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Economic Control Structures written by B. Martos and published by Elsevier. This book was released on 2013-10-22 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: This monograph is the result of research work carried out over a decade with the purpose of adopting a new approach to the theory of economic mechanisms. The study focuses on economies which are not in and do not tend to Walrasian equilibrium. Both formal mathematics and verbal argumentation have been used by the author to explain a more general theory of economic mechanisms.
Download or read book Essays on Non Walrasian Economies written by Masatsugu Tsuji and published by . This book was released on 1978 with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A History of Macroeconomics from Keynes to Lucas and Beyond written by Michel De Vroey and published by Cambridge University Press. This book was released on 2016-01-08 with total page 451 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book retraces the history of macroeconomics from Keynes's General Theory to the present. Central to it is the contrast between a Keynesian era and a Lucasian - or dynamic stochastic general equilibrium (DSGE) - era, each ruled by distinct methodological standards. In the Keynesian era, the book studies the following theories: Keynesian macroeconomics, monetarism, disequilibrium macro (Patinkin, Leijongufvud, and Clower) non-Walrasian equilibrium models, and first-generation new Keynesian models. Three stages are identified in the DSGE era: new classical macro (Lucas), RBC modelling, and second-generation new Keynesian modeling. The book also examines a few selected works aimed at presenting alternatives to Lucasian macro. While not eschewing analytical content, Michel De Vroey focuses on substantive assessments, and the models studied are presented in a pedagogical and vivid yet critical way.
Download or read book General Equilibrium written by W. D. A. Bryant and published by World Scientific. This book was released on 2010 with total page 492 pages. Available in PDF, EPUB and Kindle. Book excerpt: "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 of equilibrium, but appear in optimality results." -- PUBLISHER WEBSITE.
Download or read book General Equilibrium Theory And Evidence written by William David Anthony Bryant and published by World Scientific. This book was released on 2009-10-07 with total page 492 pages. Available in PDF, EPUB and Kindle. Book excerpt: General 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: ‘Does the pursuit of private interest, through a system of interconnected deregulated markets, lead not to chaos but to coherence — and if so, how is that achieved?’ This is always an apt question, but particularly so given the ‘Global Financial Crisis’ that emerged from the operation of market economies in the Americas and Europe in mid to late 2008.The answer that General Equilibrium Theory provides to the Walras-Hahn question is that, under certain conditions coherence is possible, while under certain other conditions chaos, in various forms, is likely to prevail. The conditionality of either outcome is not always well understood — neither by proponents of, or antagonists to, the ‘free market position’. Consequently, this book attempts to show something of what General Equilibrium Theory has to say about the wisdom or otherwise of always relying on ‘market forces’ to manage complex socio-economic systems.
Download or read book Macroeconomics An Introduction to the Non Walrasian Approach written by Jean-Pascal Benassy and published by Academic Press. This book was released on 2014-05-10 with total page 265 pages. Available in PDF, EPUB and Kindle. Book excerpt: Macroeconomics: An Introduction to the Non-Walrasian Approach provides the approach to macroeconomic theory based on the non-Walrasian method. This book presents the microeconomic concepts that can be applied in a simple and relevant manner to the fundamental topics of macroeconomic theory. Organized into five parts encompassing 14 chapters, this book begins with an overview of the fundamental concepts, describing the functioning of nonclearing markets, the role of expectations, the setting of prices by decentralized agents, and the derivation of optimal demand and supplies. This text then studies various non-Walrasian equilibrium concepts. Other chapters compare the classical and Keynesian theories of unemployment in the framework of a model. This book discusses as well the asymmetric price flexibility into the basic model. The final chapter deals with a dynamic model with explicit expectations, which allows a comparison of the employment effects of various expectations schemes and their realism. This book is a valuable resource for economists.
Download or read book On the Highest Degree of Smoothness of Outcome Functions Compatible with Quantity Constrained Equilibrium Non Walrasian Performance written by Takanobu Ikeda and published by . This book was released on 1984 with total page 418 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book An Alternative Concept of Rationality for Conjectural Equilibria written by Jose Trujillo and published by . This book was released on 1980 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Wages and Unemployment written by Pierre Picard and published by Cambridge University Press. This book was released on 1993 with total page 277 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is concerned with the problem of wage rigidities in macroeconomic theory, and their implications for public policy. It offers an analysis of the microeconomic foundations of rigid wages, considering their implications for normative economics, and their role in explaining involuntary unemployment. The initial chapters examine short-run macroeconomic equilibrium with nominal rigidities within the framework of fix-price temporary equilibria. This is followed by an overview and assessment of the main microeconomic mechanisms likely to account for real wage rigidity. In this context new findings concerning implicit contract theory, union behaviour and efficiency wage models are reported. The effect of efficiency wage models on macroeconomic fluctuations is also considered. Finally an analysis of the important public policy issues raised in the book is provided.
Download or read book Macroeconomics written by Jean-Pascal Bénassy and published by . This book was released on 1986 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: The basic concepts; Non-Walrasian equilibria; Theories of unemployment; Asymmetric price flexibility and the effectiveness of employment policies; Indexation and employment policies; The three regimes of the IS-LM model; Economic policies in an open economy; The balance of payments; Theories of inflation; Phillips curves, conflicts, and expectations; A model of the business cycle; The role of expectations; Non-Walrasian prices and perfect foresight; Expectations, information, and dynamics.
