Equilibrium and Efficiency in Production Economies
Title | Equilibrium and Efficiency in Production Economies PDF eBook |
Author | Antonio Villar |
Publisher | Springer Science & Business Media |
Pages | 283 |
Release | 2012-12-06 |
Genre | Business & Economics |
ISBN | 3642596703 |
This book is a substantially revised and enlarged version of the monograph General Equilibrium with Increasing Returns, published by Springer-Verlag as a Lecture Notes volume in 1996. It incorporates new topics and the most recent developments in the field. It also provides a more systematic analysis of the differences between production economies with and without convex production sets. Five out of twelve chapters are new, and most of the remaining ones have been reformulated. An outline of contents appears in chapter 1. As its predecessor, this book contains a formal and systematic exposition of the main results on the existence and efficiency of equilibrium, in production economies where production sets need not be convex. There is an explicit attempt at making of it a suitable reference both for graduate students and researchers interested in theory (not necessarily specialists in mathematical economics). With this twofold purpose in mind, the work has been written according to three key principles: (i) To provide a uhified approach to the problems involved. For that we construct a basic model that is rich enough to encompass the different models appearing throughout, and to derive all the results as coroilaries of a reduced number of general theorems. (ii) To maintain a relatively low mathematical complexity. Thus, when the estimated cost of generality exceeds the benefit of simplicity, we shall state and prove the theorems under assumptions that need not be the most general ones.
On the Efficiency of Market Equilibrium in Production Economies
Title | On the Efficiency of Market Equilibrium in Production Economies PDF eBook |
Author | Antonio Villar |
Publisher | |
Pages | 24 |
Release | 2000 |
Genre | |
ISBN |
General Equilibrium Analysis of Production and Increasing Returns
Title | General Equilibrium Analysis of Production and Increasing Returns PDF eBook |
Author | Takashi Suzuki |
Publisher | World Scientific |
Pages | 285 |
Release | 2009 |
Genre | Business & Economics |
ISBN | 9812833323 |
A unique feature of the book compared to classical monographs on GE is its emphasis on the historical nature of the subject, and not only the mathematical nature. Students are expected to learn that those mathematically formidable techniques are indeed necessary for tackling many economic problems which have been significant not only in the mathematical or technical context, but also in the historical and traditional context.
Increasing Returns and Efficiency
Title | Increasing Returns and Efficiency PDF eBook |
Author | Martine Quinzii |
Publisher | Oxford University Press |
Pages | 174 |
Release | 1993-01-07 |
Genre | Business & Economics |
ISBN | 0195362241 |
Increasing returns to scale is an area in economics that has recently become the focus of much attention. While most firms operate under constant or decreasing return to scale on their relevant range of production, some firms produce goods or services with a technology which exhibits increasing returns to scale at levels of production which are large relative to the market. These goods are an important component of economic activity in a modern economy and are typically commodities produced either by a public sector or, as in the U.S., by regulated utilities. In this study, the author analyzes increasing returns using general equilibrium theory to take into account the interactions between production in the public and the private sector, and the effects of financing the public sector on the redistribution of income.
Productive Efficiency
Title | Productive Efficiency PDF eBook |
Author | Fouad Sabry |
Publisher | One Billion Knowledgeable |
Pages | 273 |
Release | 2024-02-04 |
Genre | Business & Economics |
ISBN |
What is Productive Efficiency According to the theory of microeconomics, productive efficiency refers to a situation in which the economy or an economic system that is operating within the restrictions of the current industrial technology is unable to expand production of one good without sacrificing production of another good. In layman's words, the idea is depicted on a production possibility frontier (PPF), which is a curve in which every point on the curve represents a point of productive efficiency. There is a possibility that an equilibrium could be productively efficient without also being allocatively efficient. This means that it could lead to a distribution of products that does not maximize the welfare of the community. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Productive efficiency Chapter 2: Microeconomics Chapter 3: Growth accounting Chapter 4: Economic efficiency Chapter 5: Profit maximization Chapter 6: Efficiency Chapter 7: X-inefficiency Chapter 8: Production-possibility frontier Chapter 9: Production function Chapter 10: Productivity Chapter 11: Welfare economics Chapter 12: Allocative efficiency Chapter 13: Data envelopment analysis Chapter 14: Returns to scale Chapter 15: Total factor productivity Chapter 16: Stochastic frontier analysis Chapter 17: Production (economics) Chapter 18: Productivity model Chapter 19: Marginal product Chapter 20: Michael James Farrell Chapter 21: Robin Sickles (II) Answering the public top questions about productive efficiency. (III) Real world examples for the usage of productive efficiency in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Productive Efficiency.
Efficient Economic Growth
Title | Efficient Economic Growth PDF eBook |
Author | Stefan Homburg |
Publisher | Springer Science & Business Media |
Pages | 110 |
Release | 2012-12-06 |
Genre | Business & Economics |
ISBN | 3642581285 |
The book is about the well-known problem that a perfectly competitive economy, even if endowed with perfect foresight, can grow in an efficient manner. The causes of this strange inefficiency are analyzed, and sufficientconditions for efficient economic growth are discussed. The most important contribution is the elaboration of a rather well-known, yet unproved, hypothesis which says that the existence of a nonproducible productive asset, like land, prevents dynamic inefficiency. This is shown to hold outside steady state growth paths. Applications of the theoretical concepts and results are straightforward and are discussed in detail. The applications include the efficient use of exhaustible resources over time, the possibility of "bubbles" in financial markets, the theory of interest rates, and questions concerning optimal social security.
Theory of General Economic Equilibrium
Title | Theory of General Economic Equilibrium PDF eBook |
Author | Trout Rader |
Publisher | Academic Press |
Pages | 383 |
Release | 2014-05-10 |
Genre | Business & Economics |
ISBN | 1483268926 |
Theory of General Economic Equilibrium provides information pertinent to the general economic equilibrium theory. This book covers a variety of topics, including efficiency, economic systems analysis, welfare economics, and international trade. Organized into three parts encompassing eight chapters, this book begins with an overview of the theory of efficient production and growth where consumer preferences play a subordinate role. This text then examines that for the case where preferences satisfy appropriate conditions, efficiency theory is superseded as normative analysis by optimality theory. Other chapters consider the optimization of consumer preferences that leads to the decline of many families. This book discusses as well the existence of equilibrium, which is of importance to both normative and positive economics. The final chapter deals with the question of the speed with which the economic system attains its equilibrium state, which is assumed to be stationary. This book is a valuable resource for professional economists and advanced graduate students in economics.