Results 271 to 280 of about 15,836,527 (311)
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1998
A model in which a number of consumers demand a number of goods from a number of producers, and where the quantities of production factors are given, is called a general equilibrium model. Such a model allows the study of how production factors are allocated if the consumer’s aim is utility maximization and the producer’s aim is profit maximization.
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A model in which a number of consumers demand a number of goods from a number of producers, and where the quantities of production factors are given, is called a general equilibrium model. Such a model allows the study of how production factors are allocated if the consumer’s aim is utility maximization and the producer’s aim is profit maximization.
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1997
General Equilibrium Theory: An Introduction presents the mathematical economic theory of price determination and resource allocation from elementary to advanced levels, suitable for advanced undergraduates and graduate students of economics. This Arrow–Debreu model (known for two of its most prominent founders, both Nobel Laureates) is the basis of ...
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General Equilibrium Theory: An Introduction presents the mathematical economic theory of price determination and resource allocation from elementary to advanced levels, suitable for advanced undergraduates and graduate students of economics. This Arrow–Debreu model (known for two of its most prominent founders, both Nobel Laureates) is the basis of ...
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2017
Here we briefly review the general equilibrium theory, which is pretty traditional: preference and the concept of ordinal utility, demand, and comparative statics, the definition of Arrow–Debreu equilibrium, Pareto efficiency, and welfare theorems, welfare comparison, and compensation principle, and incomplete asset markets.
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Here we briefly review the general equilibrium theory, which is pretty traditional: preference and the concept of ordinal utility, demand, and comparative statics, the definition of Arrow–Debreu equilibrium, Pareto efficiency, and welfare theorems, welfare comparison, and compensation principle, and incomplete asset markets.
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1979
In the preceding chapters we have adopted a partial equilibrium approach, concentrating on decisions in a particular segment of the economy in isolation of what was happening in other segments, under the ceteris paribus assumption.
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In the preceding chapters we have adopted a partial equilibrium approach, concentrating on decisions in a particular segment of the economy in isolation of what was happening in other segments, under the ceteris paribus assumption.
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Algorithmic foundations of computable general equilibrium theory
Applied Mathematics and Computation, 2006zbMATH Open Web Interface contents unavailable due to conflicting licenses.
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General Equilibrium Theory and No-Arbitrage
2017This chapter deals with general equilibrium theory in a risky environment, where agents interact in a financial market. The chapter starts by presenting the notion of Pareto optimality and its implications in terms of risk sharing. The concept of rational expectations equilibrium is introduced and characterized in the context of a two-period economy ...
Emilio Barucci, Claudio Fontana
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THE RATIONALE OF GENERAL EQUILIBRIUM THEORY
Economic Inquiry, 1975This paper is concerned with the methodological issues raised by the attempt to use or apply the results of general equilibrium theory. This concern arises out of a critical discussion of Professor F. H. Hahn's view that general equilibrium theory is far from being a self-contained exercise, and is all the more decisive in its application for being ...
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General Equilibrium Theory — An Empirical Theory?
1982I) Two basic reasons seem to make dealing with the General Equilibrium Theory (GET) attractive for the philosopher of science. First, it is an axiomatic and mathematically demanding theory, a matter that facilitates the business of logical analysis.
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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.
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Advances in General Equilibrium Theory
1997Advances in General Equilibrium Theory presents a new approach to the construction of general equilibrium models. It considers the methods that should be adapted and some of the principal subjects with which general equilibrium modelling should be concerned in order to convert it into a useful body of knowledge.
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