Download or read book The Equilibrium Manifold written by Yves Balasko and published by MIT Press. This book was released on 2009-04-17 with total page 245 pages. Available in PDF, EPUB and Kindle. Book excerpt: A leading scholar in the field presents post-1970s developments in the theory of general equilibrium, unified by the concept of equilibrium manifold. In The Equilibrium Manifold, noted economic scholar and major contributor to the theory of general equilibrium Yves Balasko argues that, contrary to what many textbooks want readers to believe, the study of the general equilibrium model did not end with the existence and welfare theorems of the 1950s. These developments, which characterize the modern phase of the theory of general equilibrium, led to what Balasko calls the postmodern phase, marked by the reintroduction of differentiability assumptions and the application of the methods of differential topology to the study of the equilibrium equation. Balasko's rigorous study demonstrates the central role played by the equilibrium manifold in understanding the properties of the Arrow-Debreu model and its extensions. Balasko argues that the tools of differential topology articulated around the concept of equilibrium manifold offer powerful methods for studying economically important issues, from existence and uniqueness to business cycles and economic fluctuations. After an examination of the theory of general equilibrium's evolution in the hundred years between Walras and Arrow-Debreu, Balasko discusses the properties of the equilibrium manifold and the natural projection. He highlights the important role of the set of no-trade equilibria, the structure of which is applied to the global structure of the equilibrium manifold. He also develops a geometric approach to the study of the equilibrium manifold. Applications include stability issues of adjustment dynamics for out-of-equilibrium prices, the introduction of price-dependent preferences, and aspects of time and uncertainty in extensions of the general equilibrium model that account for various forms of market frictions and imperfections. Special effort has been made at reducing the mathematical technicalities without compromising rigor. The Equilibrium Manifold makes clear the ways in which the postmodern” developments of the Arrow-Debreu model improve our understanding of modern market economies.
Download or read book Foundations Of The Theory Of General Equilibrium Second Edition written by Yves Balasko and published by World Scientific. This book was released on 2016-05-11 with total page 281 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book General Equilibrium Theory of Value written by Yves Balasko and published by Princeton University Press. This book was released on 2011-07-25 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Applications of Centre Manifold Theory written by J. Carr and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt: These notes are based on a series of lectures given in the Lefschetz Center for Dynamical Systems in the Division of Applied Mathematics at Brown University during the academic year 1978-79. The purpose of the lectures was to give an introduction to the applications of centre manifold theory to differential equations. Most of the material is presented in an informal fashion, by means of worked examples in the hope that this clarifies the use of centre manifold theory. The main application of centre manifold theory given in these notes is to dynamic bifurcation theory. Dynamic bifurcation theory is concerned with topological changes in the nature of the solutions of differential equations as para meters are varied. Such an example is the creation of periodic orbits from an equilibrium point as a parameter crosses a critical value. In certain circumstances, the application of centre manifold theory reduces the dimension of the system under investigation. In this respect the centre manifold theory plays the same role for dynamic problems as the Liapunov-Schmitt procedure plays for the analysis of static solutions. Our use of centre manifold theory in bifurcation problems follows that of Ruelle and Takens [57) and of Marsden and McCracken [51).
Download or read book The Theory of General Economic Equilibrium written by Andreu Mas-Colell and published by Cambridge University Press. This book was released on 1985 with total page 396 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book brings together the author's pioneering work, written over the last twenty years, on the use of differential methods in general equilibrium theory.
Download or read book Mathematical Foundations of Game Theory written by Rida Laraki and published by Springer Nature. This book was released on 2019-09-07 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book gives a concise presentation of the mathematical foundations of Game Theory, with an emphasis on strategic analysis linked to information and dynamics. It is largely self-contained, with all of the key tools and concepts defined in the text. Combining the basics of Game Theory, such as value existence theorems in zero-sum games and equilibrium existence theorems for non-zero-sum games, with a selection of important and more recent topics such as the equilibrium manifold and learning dynamics, the book quickly takes the reader close to the state of the art. Applications to economics, biology, and learning are included, and the exercises, which often contain noteworthy results, provide an important complement to the text. Based on lectures given in Paris over several years, this textbook will be useful for rigorous, up-to-date courses on the subject. Apart from an interest in strategic thinking and a taste for mathematical formalism, the only prerequisite for reading the book is a solid knowledge of mathematics at the undergraduate level, including basic analysis, linear algebra, and probability.
Download or read book General Equilibrium written by Yves Balasko and published by . This book was released on 2020 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Written by one of the key pioneers in the field, this book offers an accessible introduction to general equilibrium theory. Written for undergraduates taking courses in economic theory and modelling who have limited mathematical proficiency, the book fills a gap between forbidding technical expositions and the less rigorous elementary ones.
Download or read book Invariant Manifolds for Physical and Chemical Kinetics written by Alexander N. Gorban and published by Springer Science & Business Media. This book was released on 2005-02-01 with total page 524 pages. Available in PDF, EPUB and Kindle. Book excerpt: By bringing together various ideas and methods for extracting the slow manifolds, the authors show that it is possible to establish a more macroscopic description in nonequilibrium systems. The book treats slowness as stability. A unifying geometrical viewpoint of the thermodynamics of slow and fast motion enables the development of reduction techniques, both analytical and numerical. Examples considered in the book range from the Boltzmann kinetic equation and hydrodynamics to the Fokker-Planck equations of polymer dynamics and models of chemical kinetics describing oxidation reactions. Special chapters are devoted to model reduction in classical statistical dynamics, natural selection, and exact solutions for slow hydrodynamic manifolds. The book will be a major reference source for both theoretical and applied model reduction. Intended primarily as a postgraduate-level text in nonequilibrium kinetics and model reduction, it will also be valuable to PhD students and researchers in applied mathematics, physics and various fields of engineering.
Download or read book Global Formulations of Lagrangian and Hamiltonian Dynamics on Manifolds written by Taeyoung Lee and published by Springer. This book was released on 2017-08-14 with total page 561 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an accessible introduction to the variational formulation of Lagrangian and Hamiltonian mechanics, with a novel emphasis on global descriptions of the dynamics, which is a significant conceptual departure from more traditional approaches based on the use of local coordinates on the configuration manifold. In particular, we introduce a general methodology for obtaining globally valid equations of motion on configuration manifolds that are Lie groups, homogeneous spaces, and embedded manifolds, thereby avoiding the difficulties associated with coordinate singularities. The material is presented in an approachable fashion by considering concrete configuration manifolds of increasing complexity, which then motivates and naturally leads to the more general formulation that follows. Understanding of the material is enhanced by numerous in-depth examples throughout the book, culminating in non-trivial applications involving multi-body systems. This book is written for a general audience of mathematicians, engineers, and physicists with a basic knowledge of mechanics. Some basic background in differential geometry is helpful, but not essential, as the relevant concepts are introduced in the book, thereby making the material accessible to a broad audience, and suitable for either self-study or as the basis for a graduate course in applied mathematics, engineering, or physics.
Download or read book Texas written by James A. Michener and published by Dial Press. This book was released on 2014-01-21 with total page 1474 pages. Available in PDF, EPUB and Kindle. Book excerpt: Spanning four and a half centuries, James A. Michener’s monumental saga chronicles the epic history of Texas, from its Spanish roots in the age of the conquistadors to its current reputation as one of America’s most affluent, diverse, and provocative states. Among his finely drawn cast of characters, emotional and political alliances are made and broken, as the loyalties established over the course of each turbulent age inevitably collapse under the weight of wealth and industry. With Michener as our guide, Texas is a tale of patriotism and statesmanship, growth and development, violence and betrayal—a stunning achievement by a literary master. BONUS: This edition includes an excerpt from James A. Michener's Hawaii. Praise for Texas “Fascinating.”—Time “A book about oil and water, rangers and outlaws, frontier and settlement, money and power . . . [James A. Michener] manages to make history vivid.”—The Boston Globe “A sweeping panorama . . . [Michener] grapples earnestly with the Texas character in a way that Texas’s own writers often don’t.”—The Washington Post Book World “Vast, sprawling, and eclectic in population and geography, the state has just the sort of larger-than-life history that lends itself to Mr. Michener’s taste for multigenerational epics.”—The New York Times
Download or read book Differential Topology and General Equilibrium with Complete and Incomplete Markets written by Antonio Villanacci and published by Springer Science & Business Media. This book was released on 2002-08-31 with total page 516 pages. Available in PDF, EPUB and Kindle. Book excerpt: Local uniqueness and smooth dependence of the endogenous variables from the exogenous ones are studied using a version of a so-called parametric transversality theorem. In a standard general equilibrium model, all equilibria are efficient, but that is not the case if some imperfection, like incomplete markets, asymmetric information, strategic interaction, is added. Then, for almost all economies, equilibria are inefficient, and an outside institution can Pareto improve upon the market outcome. Those results are proved showing that a well-chosen system of equations has no solutions."
Download or read book Differentiable Manifolds written by Lawrence Conlon and published by Springer Science & Business Media. This book was released on 2013-04-17 with total page 402 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is based on the full year Ph.D. qualifying course on differentiable manifolds, global calculus, differential geometry, and related topics, given by the author at Washington University several times over a twenty year period. It is addressed primarily to second year graduate students and well prepared first year students. Presupposed is a good grounding in general topology and modern algebra, especially linear algebra and the analogous theory of modules over a commutative, unitary ring. Although billed as a "first course" , the book is not intended to be an overly sketchy introduction. Mastery of this material should prepare the student for advanced topics courses and seminars in differen tial topology and geometry. There are certain basic themes of which the reader should be aware. The first concerns the role of differentiation as a process of linear approximation of non linear problems. The well understood methods of linear algebra are then applied to the resulting linear problem and, where possible, the results are reinterpreted in terms of the original nonlinear problem. The process of solving differential equations (i. e., integration) is the reverse of differentiation. It reassembles an infinite array of linear approximations, result ing from differentiation, into the original nonlinear data. This is the principal tool for the reinterpretation of the linear algebra results referred to above.
Download or read book The Laplacian on a Riemannian Manifold written by Steven Rosenberg and published by Cambridge University Press. This book was released on 1997-01-09 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: This text on analysis of Riemannian manifolds is aimed at students who have had a first course in differentiable manifolds.
Download or read book General Equilibrium Analysis of Production and Increasing Returns written by Takashi Suzuki and published by World Scientific. This book was released on 2009 with total page 285 pages. Available in PDF, EPUB and Kindle. Book excerpt: A unique feature of the book compared to classical monographs on GE is its emphasis on the historical nature of the subject, and not only the mathematical nature. Students are expected to learn that those mathematically formidable techniques are indeed necessary for tackling many economic problems which have been significant not only in the mathematical or technical context, but also in the historical and traditional context.
Download or read book Introduction to Smooth Manifolds written by John M. Lee and published by Springer Science & Business Media. This book was released on 2013-03-09 with total page 646 pages. Available in PDF, EPUB and Kindle. Book excerpt: Author has written several excellent Springer books.; This book is a sequel to Introduction to Topological Manifolds; Careful and illuminating explanations, excellent diagrams and exemplary motivation; Includes short preliminary sections before each section explaining what is ahead and why
Download or read book Advances in Applied Mechanics written by and published by Academic Press. This book was released on 2009-09-26 with total page 265 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Advances in Applied Mechanics book series draws together recent significant advances in various topics in applied mechanics. Published since 1948, Advances in Applied Mechanics aims to provide authoritative review articles on topics in the mechanical sciences, primarily of interest to scientists and engineers working in the various branches of mechanics, but also of interest to the many who use the results of investigations in mechanics in various application areas, such as aerospace, chemical, civil, environmental, mechanical and nuclear engineering. - Covers all fields of the mechanical sciences - Highlights classical and modern areas of mechanics that are ready for review - Provides comprehensive coverage of the field in question
Download or read book Differentiable Manifolds written by Gerardo F. Torres del Castillo and published by Springer Nature. This book was released on 2020-06-23 with total page 447 pages. Available in PDF, EPUB and Kindle. Book excerpt: This textbook delves into the theory behind differentiable manifolds while exploring various physics applications along the way. Included throughout the book are a collection of exercises of varying degrees of difficulty. Differentiable Manifolds is intended for graduate students and researchers interested in a theoretical physics approach to the subject. Prerequisites include multivariable calculus, linear algebra, and differential equations and a basic knowledge of analytical mechanics.
