Testable Restrictions On The Equilibrium Manifold
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Computational Aspects of General Equilibrium Theory
Author | : Donald Brown |
Publisher | : Springer Science & Business Media |
Total Pages | : 204 |
Release | : 2008-01-08 |
Genre | : Business & Economics |
ISBN | : 3540765913 |
This monograph presents a general equilibrium methodology for microeconomic policy analysis. It is intended to serve as an alternative to the now classical, axiomatic general equilibrium theory as exposited in Debreu`s Theory of Value (1959) or Arrow and Hahn`s General Competitive Analysis (1971). The monograph consists of several essays written over the last decade. It also contains an appendix by Charles Steinhorn on the elements of O-minimal structures.
Testable Implications of General Equilibrium Theory
Author | : H. M. Polemarchakis |
Publisher | : |
Total Pages | : 0 |
Release | : 2008 |
Genre | : |
ISBN | : |
We characterize the equilibrium manifold of an economy when initial endowments can be individually observed. We adopt a local, "differentiable" perspective. We derive necessary and sufficient conditions that characterize the equilibrium manifold, and we show that, if these conditions are satisfied, then the economy can be identified. We show, further, that, if only aggregate data are available, observable restrictions vanish. We conclude that the availability of individual data is essential for the derivation of testable consequences of the general equilibrium construct.
Rationality and Equilibrium
Author | : Charalambos D. Aliprantis |
Publisher | : Springer Science & Business Media |
Total Pages | : 254 |
Release | : 2006-04-20 |
Genre | : Business & Economics |
ISBN | : 354029578X |
This book contains a collection of original and state-of-the-art contributions in rational choice and general equilibrium theory. Among the topics are preferences, demand, equilibrium, core allocations, and testable restrictions. The contributing authors are Daniel McFadden, Rosa Matzkin, Emma Moreno-Garcia, Roger Lagunoff, Yakar Kannai, Myrna Wooders, James Moore, Ted Bergstrom, Luca Anderlini, Lin Zhou, Mark Bagnoli, Alexander Kovalenkov, Carlos Herves-Beloso, Michaela Topuzu, Bernard Cornet, Andreu Mas-Colell and Nicholas Yannelis.
General Equilibrium
Author | : W. D. A. Bryant |
Publisher | : World Scientific |
Total Pages | : 492 |
Release | : 2010 |
Genre | : Business & Economics |
ISBN | : 9812818340 |
"This book focuses on the foundations of general equilibrium theory, more specifically on the existence, uniqueness, stability, optimality and comparative static properties of equilibrium states. It also explores the question of the empirical relevance of equilibrium states. It highlights a series of 'relationship conditions' which are essential for the existence of equilibrium, but appear in optimality results." -- PUBLISHER WEBSITE.
General Equilibrium Theory
Author | : Ross M. Starr |
Publisher | : Cambridge University Press |
Total Pages | : 379 |
Release | : 2011-04-25 |
Genre | : Business & Economics |
ISBN | : 1139496735 |
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 modern price theory and of a wide range of applications. The new edition updates discussion throughout and expands the number and variety of exercises. It offers a revised and extended treatment of core convergence, including the case of non-convex preferences, and introduces the investigation of approximate equilibrium with U-shaped curves and non-convex preferences.
A Practical Guide to Macroeconomics
Author | : Jeremy B. Rudd |
Publisher | : Cambridge University Press |
Total Pages | : 323 |
Release | : 2024-03-31 |
Genre | : Business & Economics |
ISBN | : 1009465783 |
The gulf between macroeconomic theory and macroeconomic practice has never been greater. This book bridges that gap.