Hierarchically Structured Economies: Models with Bilateral Exchange Institutions (Theory and Decision Library C (15))

Spanjers, Willy

ISBN 10: 0792343980 / ISBN 13: 9780792343981

Verlag: Springer, 1997

Beschreibung

Kluwer Academic Publishers, 1997, hardcover, Very Good/No Jacket.

Bestandsnummer des Verkäufers 10704

Bibliografische Details

• Titel: Hierarchically Structured Economies: Models with Bilateral Exchange Institutions (Theory and Decision Library C (15))
• Verlag: Springer
• Erscheinungsjahr: 1997
• Sprache: Englisch
• ISBN-10: 0792343980
• ISBN-13: 9780792343981
• Einband: Hardcover
• Zustand: As New

Über diesen Titel

Inhaltsangabe

In six chapters this book introduces a micro-economic model where trade takes place through a stable structure of bilateral exchange institutions.The main problem in such models is that, for well-known equilibrium concepts, equilibrium may fail to exist in the corresponding game. In this work an adaptation of such models - hierarchically structured economies - is introduced. The possibilities and limitations of the use of the concept of subgame perfect equilibrium within the context of this kind of models is discussed. Furthermore, it is shown that some well-known market forms, viz. Walrasian and monopolistic markets, occur as special cases. A modification of the concept of subgame perfect equilibrium is introduced to formulate and prove a general theorem on the existence of equilibrium in hierarchically structured economies.

Über die Autorin bzw. den Autor

Charlotte y Peter Fiell son dos autoridades en historia, teoría y crítica del diseño y han escrito más de sesenta libros sobre la materia, muchos de los cuales se han convertido en éxitos de ventas. También han impartido conferencias y cursos como profesores invitados, han comisariado exposiciones y asesorado a fabricantes, museos, salas de subastas y grandes coleccionistas privados de todo el mundo. Los Fiell han escrito numerosos libros para TASCHEN, entre los que se incluyen 1000 Chairs, Diseño del siglo XX, El diseño industrial de la A a la Z, Scandinavian Design y Diseño del siglo XXI.