Consumer Substitution Effects Under Full Industry Equilibrium

Consumer Substitution Effects Under Full Industry Equilibrium
Author: Ian Steedman
Publisher:
Total Pages: 0
Release: 2005
Genre:
ISBN:

To be of practical use comparative statics must be able to compare long-period equilibria. Such equilibria will almost never have price vectors that are proportional with respect to all prices but one - yet such price vectors are precisely those underlying the usual substitution effect analysis. We consider how this tension may be resolved.

Full Industry Equilibrium

Full Industry Equilibrium
Author: Arrigo Opocher
Publisher: Cambridge University Press
Total Pages: 233
Release: 2015-05-28
Genre: Business & Economics
ISBN: 1107097797

This original book develops a systematic zero-net-profit comparative statics theory to shed new light on the microeconomics of industry equilibrium.

Economic Theory and Economic Thought

Economic Theory and Economic Thought
Author: John Vint
Publisher: Routledge
Total Pages: 621
Release: 2010-01-21
Genre: Business & Economics
ISBN: 113518299X

Ian Steedman is recognised internationally as one of the leading economic theorists of his time and has made major contributions to the development of economic theory and economic thought, as substantiated by his work on Marx, Sraffa, Marshall, Jevons and Wicksteed. His contributions to economic theory include his work on time, international trade, capital theory and growth and distribution. This collection reflects the wide ranging interests of Ian Steedman and is a tribute to his outstanding contributions. This edited collection brings together twenty two new essays by distinguished economists from around the world. The papers cover a wide range of topics including; international trade – an area in which Steedman has made significant contributions; Sraffa, the history of economic thought and theoretical papers – including Faustian Agents and market failure in waste production. The essays in this book will be an invaluable source for economists interested in economic theory or in the evolution of economic thought. It will also be of interest to postgraduate and research students in economic theory and the history of economic thought. John Vint is Professor of Economics at Manchester Metropolitan University, UK. J. Stanley Metcalfe is Professor of Economics at the University of Manchester, UK. Heinz D. Kurz is Professor of Economics at the University of Graz, Austria. Neri Salvadori is Professor of Economics at the University of Pisa, Italy. Paul Samuelson is Professor of Economics at the Massachusetts Institute of Technology, USA.

Introduction to Computable General Equilibrium Models

Introduction to Computable General Equilibrium Models
Author: Mary E. Burfisher
Publisher: Cambridge University Press
Total Pages: 443
Release: 2016
Genre: Business & Economics
ISBN: 1107132207

The book provides a hands-on introduction to computable general equilibrium (CGE) models, written at an accessible, undergraduate level.

Consumer Theory

Consumer Theory
Author: Kelvin Lancaster
Publisher: Edward Elgar Publishing
Total Pages: 662
Release: 1998
Genre: Business & Economics
ISBN:

A collection of 34 articles on consumer theory, giving representative coverage of important ideas in the field. Apart from a few classics from the pre-1950 period, most papers are from the decades of the 1950s, 1960s, and 1970s, with the most recent from 1991. Articles are arranged in sections on foundations of neoclassical theory, revealed preference, utility and rationality, aggregate demand, the structure of preferences, consumption as production, intertemporal choice, durable goods, uncertainty, and special cases. No index. Annotation copyrighted by Book News, Inc., Portland, OR

Demand and Supply

Demand and Supply
Author: Ralph Turvey
Publisher: Routledge
Total Pages: 76
Release: 2022-04-29
Genre: Business & Economics
ISBN: 1000579956

First published in 1971, Demand and Supply is an introduction to the economics of resource allocation, often known as micro-economics. Ralph Turvey examines how the economy really works and does not just give the economists’ textbook version, which oversimplifies technology and exaggerates the importance of prices in adjusting supply and demand. Instead of offering theoretical diagrams and imaginary examples, he refrains from expounding those ideas that cannot be simply demonstrated or applied. But he includes sections on retail margins, urban land values, and the value of time – topics rarely dealt with in beginner’s books. Some examples of the examples are: university teachers’ pay; cotton spinning costs; pricing of tin cans; demand for farm tractors; newspaper economics; competition in the bus industry. This is the kind of economics used in practice and rests on down to earth fact finding. This book will be useful for both general readers and A- level and first year university students.