Download or read book Stability and Welfare in General Equilibrium written by Michihiro Ōyama and published by . This book was released on 1972 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Stability and Welfare in General Equilibrium written by Michihiro Ōyama and published by . This book was released on 1972 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book General Equilibrium and Welfare written by Pablo Coto-Millán and published by Springer Science & Business Media. This book was released on 2013-04-17 with total page 174 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this book the reader is provided with an overview of the most interesting ideas in Competitive General Equilibrium Theory as well as Welfare Economy. In doing so, the author adopts a methodological approach of a closed and inter-related system where all variables are simultaneously determined. By using theorems of fixed point, revealed preference and local and global stability, the author proves the existence of unicity and stability. Furthermore, he analyses those situations where the competitive system does not allocate resources efficiently. In this sense, he examines allocation problems in regard to property rights, information problems and choice and negotiation problems. Finally, the text includes a chapter that presents a topical guide of questions related to Social Choice.
Download or read book Introduction to General Equilibrium Theory and Welfare Economics written by James P. Quirk and published by New York : McGraw-Hill. This book was released on 1968 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt: The setting: individual economic agents; The setting: supply and demand, competitive equilibrium; Existence and uniqueness; Welare economics.
Download or read book Stability and Welfare in General Equilibrium Submitted for the Degree Doctor of Philosophy written by Michihiro Ōyama and published by . This book was released on 1974 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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 and Welfare Economics written by James C. Moore and published by Springer Science & Business Media. This book was released on 2006-12-20 with total page 575 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers the basic grasp of general equilibrium theory that is a fundamental background for advanced work in virtually any sub-field of economics, and the thorough understanding of the methods of welfare economics, particularly in a general equilibrium context, that is indispensable for undertaking applied policy analysis. The book uses extensive examples, both simple ones intended to bolster basic concepts, and those illustrating application of the material to economics in practice.
Download or read book Welfare Cost of Low Inflation written by Mr.Howell H. Zee and published by International Monetary Fund. This book was released on 1998-08-01 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides general equilibrium estimates of the steady-state welfare gains of lowering inflation from a low level to close to price stability, using an overlapping-generations growth model. Money demand is modeled on the basis that real money balances are a factor of production. Assuming a standard Fisher equation modified by the presence of an income tax, it is found that inflation unambiguously reduces capital intensity, drives up the before-tax real rate of return to capital, and unambiguously imposes a life-time welfare cost. This welfare cost is, however, quantitatively very modest (under 0.2 percent of GDP annually) within reasonable ranges of all parameter values.
Download or read book Groups and Markets written by Hans Gersbach and published by Springer. This book was released on 2017-07-29 with total page 183 pages. Available in PDF, EPUB and Kindle. Book excerpt: This monograph studies multi-member households or, more generally, socio-economic groups from a purely theoretical perspective and within a general equilibrium framework, in contrast to a sizeable empirical literature. The approach is based on the belief that households, their composition, decisions and behavior within a competitive market economy deserve thorough examination. The authors set out to link the formation, composition, decision-making, and stability of households. They develop general equilibrium models of pure exchange economies in which households can have several, typically heterogeneous members and act as collective decision-making units on the one hand and as competitive market participants on the other hand. Moreover, the more advanced models combine traditional exchange (markets for commodities) and matching (markets for people or partners) and develop implications for welfare, social structures, and economic policy. In the field of family economics, Hans Haller and Hans Gersbach have pioneered a ‘market’ approach that applies the tools of general equilibrium theory to the analysis of household behavior. This very interesting book presents an overview of their methods and results. This is an inspiring work. Pierre-André Chiappori, Columbia University, USA The sophisticated, insightful and challenging analysis presented in this book extends the theory of the multi-person household along an important but relatively neglected dimension, that of general equilibrium theory. It also challenges GE theorists themselves to follow Paul Samuelson in taking seriously the real attributes of that fundamental building block, the household, as a social group whose decisions may not satisfy the standard axioms of individual choice. This synthesis and extension of their earlier work by Gersbach and Haller will prove to be a seminal contribution in its field. Ray Rees, LMU Munich, Germany
Download or read book Efficiency Egalitarism Stability and Social Welfare in Economics written by Elvio Accinelli and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The Pareto optimal concept does not concern with fairness or equality, it is a concept related to efficiency. In this paper, using techniques from the general equilibrium theory, we relate efficiency, fairness and stability of an economy.
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 General Equilibrium Theory written by Takashi Negishi and published by Edward Elgar Publishing. This book was released on 1994 with total page 456 pages. Available in PDF, EPUB and Kindle. Book excerpt: General Equilibrium Theory, the first volume of Takashi Negishi's collected essays, contains some of his most important contributions on the theory and applications of general equilibrium analysis published over the last 30 years. Grouped under the headings of Equilibrium and Welfare, Stability, Monetary Economics, International Economics, Public Economics and Disequilibrium Theory, the 47 essays and papers reprinted in this collection cover not only pure theory but also applications of general equilibrium analysis. Some of these essays have made seminal contributions and have been widely cited, while others were published in journals and festschrifts which are no longer easily available. Professor Negishi has prepared an introduction to this volume in which he discusses the contributions he made in these essays in the light of the most recent developments in the field.
Download or read book General Equilibrium Analysis written by David Simpson and published by John Wiley & Sons. This book was released on 1975 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Market written by Sydney N. Afriat and published by Taylor & Francis. This book was released on 2006-05-23 with total page 145 pages. Available in PDF, EPUB and Kindle. Book excerpt: This punchy book unites mainline mathematical economics and sometimes idiosyncratic political economy. Freshness is brought to the market concept giving general equilibrium theory a new lease of life, and an opening of thought on such matters as free trade, globalization and the environment. Where most theories of general equilibrium have been based on utility maximizing traders, Afriat here maintains the view that the topic essentially is concerned with aggregates and that anything to do with utility is at best secondary if not spurious. The book goes on to discuss political economy, in particular the idea of 'optimum', and its abuses, especially in doctrine related to the market. This novel book will be of equal appeal to mathematical thinkers, those interested in the theory of market and political economists.
Download or read book International Trade Welfare and the Theory of General Equilibrium written by Sugata Marjit and published by Cambridge University Press. This book was released on 2018-10-18 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This essential volume reflects the continuing and enduring utility of general equilibrium as a framework of analyses. It attempts to reiterate that understanding broad and holistic consequence of economic events and policies go beyond partial equilibrium perspective. Cutting across areas of research, general equilibrium perspectives in terms of small-scale GE models following the theory and perspectives of Ronald Jones can help readers develop informed judgement regarding critical policies. These include but are not limited to several areas of specific interest - the interaction of financial factors with international trade and implications for the 'real sectors' of the economy, the impact of labour market reforms on the unorganised sectors in developing and transition countries, the non-uniform effects of inflation and deflation on internal and external factor flows, and the sought-after relation between foreign investment and skill accumulation.
Download or read book The Walrasian General Equilibrium Theory written by Siamak Hadifar and published by GRIN Verlag. This book was released on 2018-04-30 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: Essay from the year 2017 in the subject Economics - Micro-economics, grade: 2,0, University of Bratislava, language: English, abstract: The question about how the different economic units such as consumers, governments, and enterprises operate in a competitive markets und make the decisions under conditions of limited amounts of resources is a main subject of studies of the economic science. The lack of resources has turned into a vexed problem in recent years, while people’s desires keep increasing. In order to deal with such a conflict, these three basic questions should be answered by economic systems: What services and goods should be produced and in what quantities? How should these services and goods be produced? Who would be the end customers of such services und goods and how should these should be distributed? Microeconomic theory defines and models an economic activity as an interaction of individuals (economic agents) pursuing their private interests. Considering different microeconomic processes for better understanding the principles of the whole economy we are interested in how the goods are distributed among consumers within different markets. What condition markets’ outcomes, i.e. prices of goods and services and quantities traded, are agents’ behavioral characteristics and the market mechanisms, described of law of supply and demand. It is common to divide two large and groups of agents - households and firms, each of them plays its own role in the market.
Download or read book General Equilibrium Theory and International Trade written by Takashi Negishi and published by . This book was released on 1972 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt:
