The Non Pareto Efficiency Of Initial Allocation On Commodities And Monetary Equilibrium An Inside Economy
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Author | : Ross M. Starr |
Publisher | : Academic Press |
Total Pages | : 364 |
Release | : 2014-05-10 |
Genre | : Business & Economics |
ISBN | : 1483273512 |
General Equilibrium Models of Monetary Economies: Studies in the Static Foundations of Monetary Theory is a collection of essays that addresses the integration of the theory of money and the theory of value by using a mathematical general equilibrium theory. The papers discuss monetary theory, microeconomic theory, bilateral trade, transactions costs, intertemporal allocation, and the value of money. The Arrow-Debreu model of Walrasian general equilibrium theory provides a framework to represent money as a device for facilitating trade among economic agents without the use of money as a medium of exchange and as a store of value. The essays analyze the rationale for using a medium of exchange, for using a store of value, and for holding of idle balances in equilibrium. The essays show that by explicit modeling of the structure and difficulties of trade, a powerful class of models which deny money and finance a role in the economy, has by itself shown to have provided the foundation for the structures of trade. The collection will prove helpful for economists, statistician, mathematicians, students or professors of economics and business.
Author | : Patrick M. Emerson |
Publisher | : |
Total Pages | : |
Release | : 2019 |
Genre | : Economics |
ISBN | : |
Author | : Shigeo Kusuoka |
Publisher | : Springer Science & Business Media |
Total Pages | : 189 |
Release | : 2013-03-08 |
Genre | : Business & Economics |
ISBN | : 4431684506 |
A lot of economic problems can be formulated as constrained optimizations and equilibration of their solutions. Various mathematical theories have been supplying economists with indispensable machineries for these problems arising in economic theory. Conversely, mathematicians have been stimulated by various mathematical difficulties raised by economic theories. The series is designed to bring together those mathematicians who are seriously interested in getting new challenging stimuli from economic theories with those economists who seek effective mathematical tools for their researchers. The editorial board of this series comprises the following prominent economists and mathematicians: Managing Editors: S. Kusuoka (Univ. Tokyo), T. Maruyama (Keio Univ.); Editors: R. Anderson (U.C. Berkeley), C. Castaing (Univ. Montpellier), F. H. Clarke (Univ. Lyon I), G. Debreu (U.C. Berkeley), E. Dierker (Univ. Vienna), D. Duffie (Stanford Univ.), L.C. Evans (U.C. Berkeley), T. Fujimoto (Okayama Univ.), J.-M. Grandmont (CREST-CNRS), N. Hirano (Yokohama National Univ.), L. Hurwicz (Univ. of Minnesota), T. Ichiishi (Ohio State Univ.), A. Ioffe (Israel Institute of Technology), S. Iwamoto (Kyushu Univ.), K. Kamiya (Univ. Tokyo), K. Kawamata (Keio Univ.), N. Kikuchi (Keio Univ.), H. Matano (Univ. Tokyo), K. Nishimura (Kyoto Univ.), M. K. Richter (Univ. Minnesota), Y. Takahashi (Kyoto Univ.), M. Valadier (Univ. Montpellier II), M. Yano (Keio Univ).
Author | : Harold Demsetz |
Publisher | : |
Total Pages | : |
Release | : 1990 |
Genre | : |
ISBN | : |
Author | : Masahiro Okuno |
Publisher | : |
Total Pages | : 296 |
Release | : 1974 |
Genre | : Monetary policy |
ISBN | : |
Author | : Ross M. Starr |
Publisher | : Cambridge University Press |
Total Pages | : 280 |
Release | : 1997-07-13 |
Genre | : Business & Economics |
ISBN | : 9780521564731 |
General Equilibrium Theory: An Introduction treats the classic Arrow-Debreu general equilibrium model in a form accessible to graduate students and advanced undergraduates in economics and mathematics. Topics covered include mathematical preliminaries, households and firms, existence of general equilibrium, Pareto efficiency of general equilibrium, the First and Second Fundamental Theorems of Welfare Economics, the core and core convergences, future markets over time and contingent commodity markets under uncertainty. Demand, supply, and excess demand appear first as (point-valued) functions, then optionally as (set-valued) correspondences. The mathematics presented (with elementary proofs of the theorems) includes a real analysis, the Brouwer fixed point theorem, and separating and supporting hyperplane theorems. Optional chapters introduce the existence of equilibrium with set-valued supply and demand, the mathematics of upper and lower hemicontinuous correspondences, and the Kakutani fixed point theorem. The treatment emphasizes clarity and accessibility to the student through use of examples and intuition.
Author | : L. J. Lau |
Publisher | : |
Total Pages | : 38 |
Release | : 1977 |
Genre | : Production functions (Economic theory) |
ISBN | : |
Author | : Douglas Gale |
Publisher | : Cambridge University Press |
Total Pages | : 364 |
Release | : 1982-09-30 |
Genre | : Business & Economics |
ISBN | : 9780521289009 |
This book deals mainly with what can be described as the general-equilibrium approach to monetary theory. The author does not attempt an encyclopaedic treatment, rather Gale investigates the central problems and ideas in the development of topical monetary theory. The first part of the book - technically the easier - deals with questions which will be recognized as falling within the traditional field of (macroeconomic) monetary theory, although the treatment is unflaggingly microeconomic. The second part is less conventional, dealing with the general equilibrium theory of money in a fundamental way.
Author | : Frank Hahn |
Publisher | : |
Total Pages | : 42 |
Release | : 1977 |
Genre | : Equilibrium (Economics) |
ISBN | : |
Author | : Charalambos D. Aliprantis |
Publisher | : Springer Science & Business Media |
Total Pages | : 733 |
Release | : 2013-11-11 |
Genre | : Business & Economics |
ISBN | : 3662058588 |
A collection of papers dealing with a broad range of topics in mathematical economics, game theory and economic dynamics. The contributions present both theoretical and applied research. The volume is dedicated to Mordecai Kurz. The papers were presented in a special symposium co-hosted by the Stanford University Department of Economics and by the Stanford Institute of Economic Policy Research in August 2002.