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General Equilibrium with Price-Making Firms: 91 (Lecture Notes in Economic and Mathematical Systems) - Softcover
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Motivation. That elegant fiction the competitive equilibrium seems still to dominate the frontiers of theoretical microeconomics. We may think of it in a general way as a state of affairs wherein economic agents, responding "rationally" to annoWlced prices, make choices which are consistent and feasible. The prices may also be described as "taken": for one reason or another the agents who respond to them consider them as given. The existence of such a state, its optimality, its robustness against free bargaining among agents when there are many of them, its Wliqueness, its stability when price displacements evoke specified adjustments--all these issues have been studied, and continue to be studied in a variety of settings. Slowly the equilibrium investigated begins to incorporate public goods, externalities of certain kinds, differences in agents’ information, and infinitely many time periods. The appeal of such results need not be belabored: the equilibrium studied may sustain an optimal resource allocation, and when it does it sus tains it in a manner that appears to be informationally efficient and to accord well with individual incentives. Therefore it is important to extend the circumstances under which an equilibrium exists, under which it sustains opti mality, and under which it survives displacements as well as free bargaining among agents.
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Motivation. That elegant fiction the competitive equilibrium seems still to dominate the frontiers of theoretical microeconomics. We may think of it in a general way as a state of affairs wherein economic agents, responding "rationally" to annoWlced prices, make choices which are consistent and feasible. The prices may also be described as "taken": for one reason or another the agents who respond to them consider them as given. The existence of such a state, its optimality, its robustness against free bargaining among agents when there are many of them, its Wliqueness, its stability when price displacements evoke specified adjustments--all these issues have been studied, and continue to be studied in a variety of settings. Slowly the equilibrium investigated begins to incorporate public goods, externalities of certain kinds, differences in agents' information, and infinitely many time periods. The appeal of such results need not be belabored: the equilibrium studied may sustain an optimal resource allocation, and when it does it sus tains it in a manner that appears to be informationally efficient and to accord well with individual incentives. Therefore it is important to extend the circumstances under which an equilibrium exists, under which it sustains opti mality, and under which it survives displacements as well as free bargaining among agents.
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General Equilibrium with Price-Making Firms Lecture Notes in Economics and Mathematical Systems, 91
Verlag:
Springer Berlin Heidelberg, 1974
ISBN 10: 3540066241
ISBN 13: 9783540066248
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General Equilibrium With Price-Making Firms (Lecture Notes in Economics and Mathematical Systems, 91)
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General equilibrium with price-making firms.
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General Equilibrium with Price-Making Firms
Verlag:
Springer Berlin Heidelberg, 1974
ISBN 10: 3540066241
ISBN 13: 9783540066248
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Softcover. Zustand: Très bon. Ancien livre de bibliothèque. Légères traces d'usure sur la couverture. Edition 1974. Ammareal reverse jusqu'à 15% du prix net de cet article à des organisations caritatives. ENGLISH DESCRIPTION Book Condition: Used, Very good. Former library book. Slight signs of wear on the cover. Edition 1974. Ammareal gives back up to 15% of this item's net price to charity organizations. Bestandsnummer des Verkäufers E-275-542
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General Equilibrium with Price-Making Firms: Lecture Notes in Economics and Mathematical Systems.
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Paperback. Zustand: Good. Series: Mathematical Economics 247p grey paperback lecture notes, from a Cambridge college library with stickers, no marking internally, very good Language: English. Bestandsnummer des Verkäufers 102900
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General Equilibrium with Price-Making Firms (Lecture Notes in Economics and Mathematical Systems, 91)
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General Equilibrium with Price-Making Firms (Paperback)
ISBN 10: 3540066241
ISBN 13: 9783540066248
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Paperback. Zustand: new. Paperback. Motivation. That elegant fiction the competitive equilibrium seems still to dominate the frontiers of theoretical microeconomics. We may think of it in a general way as a state of affairs wherein economic agents, responding "rationally" to annoWlced prices, make choices which are consistent and feasible. The prices may also be described as "taken": for one reason or another the agents who respond to them consider them as given. The existence of such a state, its optimality, its robustness against free bargaining among agents when there are many of them, its Wliqueness, its stability when price displacements evoke specified adjustments--all these issues have been studied, and continue to be studied in a variety of settings. Slowly the equilibrium investigated begins to incorporate public goods, externalities of certain kinds, differences in agents' information, and infinitely many time periods. The appeal of such results need not be belabored: the equilibrium studied may sustain an optimal resource allocation, and when it does it sus tains it in a manner that appears to be informationally efficient and to accord well with individual incentives. Therefore it is important to extend the circumstances under which an equilibrium exists, under which it sustains opti mality, and under which it survives displacements as well as free bargaining among agents. The existence of such a state, its optimality, its robustness against free bargaining among agents when there are many of them, its Wliqueness, its stability when price displacements evoke specified adjustments--all these issues have been studied, and continue to be studied in a variety of settings. Shipping may be from multiple locations in the US or from the UK, depending on stock availability. Bestandsnummer des Verkäufers 9783540066248
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General equilibrium with price-making firms. Reinhard Selten, Lecture notes in economics and mathematical systems , 91 : Mathematical economics
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Berlin, Heidelberg, New York : Springer, 1974
ISBN 10: 3540066241
ISBN 13: 9783540066248
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kart. Zustand: Gut. XI, 246 S. : graph. Darst., , 25 cm Sofort verfügbar Versand am folgenden Arbeitstag mit Rechnung daily shipping wordwide with invoice ex library aus Bibliothek Sprache: Deutsch Gewicht in Gramm: 550. Bestandsnummer des Verkäufers 99080
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General Equilibrium with Price-Making Firms (Lecture Notes in Economics and Mathematical Systems, 91)
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General Equilibrium with Price-Making Firms
Verlag:
Springer, Springer Feb 1974, 1974
ISBN 10: 3540066241
ISBN 13: 9783540066248
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Taschenbuch. Zustand: Neu. This item is printed on demand - it takes 3-4 days longer - Neuware -Motivation. That elegant fiction the competitive equilibrium seems still to dominate the frontiers of theoretical microeconomics. We may think of it in a general way as a state of affairs wherein economic agents, responding 'rationally' to annoWlced prices, make choices which are consistent and feasible. The prices may also be described as 'taken': for one reason or another the agents who respond to them consider them as given. The existence of such a state, its optimality, its robustness against free bargaining among agents when there are many of them, its Wliqueness, its stability when price displacements evoke specified adjustments--all these issues have been studied, and continue to be studied in a variety of settings. Slowly the equilibrium investigated begins to incorporate public goods, externalities of certain kinds, differences in agents' information, and infinitely many time periods. The appeal of such results need not be belabored: the equilibrium studied may sustain an optimal resource allocation, and when it does it sus tains it in a manner that appears to be informationally efficient and to accord well with individual incentives. Therefore it is important to extend the circumstances under which an equilibrium exists, under which it sustains opti mality, and under which it survives displacements as well as free bargaining among agents. 260 pp. Englisch. Bestandsnummer des Verkäufers 9783540066248
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