General Equilibrium and Welfare Economics
Title | General Equilibrium and Welfare Economics PDF eBook |
Author | James C. Moore |
Publisher | Springer Science & Business Media |
Pages | 575 |
Release | 2006-12-20 |
Genre | Business & Economics |
ISBN | 354032223X |
This book offers the basic grasp of general equilibrium theory that is a fundamental background for advanced work in virtually any sub-field of economics, and the thorough understanding of the methods of welfare economics, particularly in a general equilibrium context, that is indispensable for undertaking applied policy analysis. The book uses extensive examples, both simple ones intended to bolster basic concepts, and those illustrating application of the material to economics in practice.
Introduction to General Equilibrium Theory and Welfare Economics
Title | Introduction to General Equilibrium Theory and Welfare Economics PDF eBook |
Author | James P. Quirk |
Publisher | New York : McGraw-Hill |
Pages | 246 |
Release | 1968 |
Genre | Business & Economics |
ISBN |
The setting: individual economic agents; The setting: supply and demand, competitive equilibrium; Existence and uniqueness; Welare economics.
General Equilibrium and Welfare
Title | General Equilibrium and Welfare PDF eBook |
Author | Pablo Coto-Millán |
Publisher | Springer Science & Business Media |
Pages | 174 |
Release | 2013-04-17 |
Genre | Business & Economics |
ISBN | 3642500099 |
In this book the reader is provided with an overview of the most interesting ideas in Competitive General Equilibrium Theory as well as Welfare Economy. In doing so, the author adopts a methodological approach of a closed and inter-related system where all variables are simultaneously determined. By using theorems of fixed point, revealed preference and local and global stability, the author proves the existence of unicity and stability. Furthermore, he analyses those situations where the competitive system does not allocate resources efficiently. In this sense, he examines allocation problems in regard to property rights, information problems and choice and negotiation problems. Finally, the text includes a chapter that presents a topical guide of questions related to Social Choice.
General Equilibrium and Welfare
Title | General Equilibrium and Welfare PDF eBook |
Author | John Creedy |
Publisher | Edward Elgar Publishing |
Pages | 184 |
Release | 1996 |
Genre | Business & Economics |
ISBN |
Creedy (economics, U. of Melbourne) provides an accessible introduction to general equilibrium analysis and associated welfare economics using a simple two-sector model and only diagrams and simple mathematics. He describes the utility, non- utility, and welfare analysis of exchange with price-taking; trading at disequilibrium prices, the role of the number of traders, and bargaining solutions of exchange without price- taking; and the construction and solution of the two-sector model. Annotation copyright by Book News, Inc., Portland, OR
General Equilibrium Theory
Title | General Equilibrium Theory PDF eBook |
Author | Ross M. Starr |
Publisher | Cambridge University Press |
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.
Welfare Economics and Social Choice Theory
Title | Welfare Economics and Social Choice Theory PDF eBook |
Author | Allan M. Feldman |
Publisher | Springer Science & Business Media |
Pages | 401 |
Release | 2006-06-14 |
Genre | Business & Economics |
ISBN | 038729368X |
This book covers the main topics of welfare economics — general equilibrium models of exchange and production, Pareto optimality, un certainty, externalities and public goods — and some of the major topics of social choice theory — compensation criteria, fairness, voting. Arrow's Theorem, and the theory of implementation. The underlying question is this: "Is a particular economic or voting mechanism good or bad for society?" Welfare economics is mainly about whether the market mechanism is good or bad; social choice is largely about whether voting mechanisms, or other more abstract mechanisms, can improve upon the results of the market. This second edition updates the material of the first, written by Allan Feldman. It incorporates new sections to existing first-edition chapters, and it includes several new ones. Chapters 4, 6, 11, 15 and 16 are new, added in this edition. The first edition of the book grew out of an undergraduate welfare economics course at Brown University. The book is intended for the undergraduate student who has some prior familiarity with microeconomics. However, the book is also useful for graduate students and professionals, economists and non-economists, who want an overview of welfare and social choice results unburdened by detail and mathematical complexity. Welfare economics and social choice both probably suffer from ex cessively technical treatments in professional journals and monographs.
The Walrasian General Equilibrium Theory
Title | The Walrasian General Equilibrium Theory PDF eBook |
Author | Siamak Hadifar |
Publisher | GRIN Verlag |
Pages | 34 |
Release | 2018-04-30 |
Genre | Business & Economics |
ISBN | 366869429X |
Essay from the year 2017 in the subject Economics - Micro-economics, grade: 2,0, University of Bratislava, language: English, abstract: The question about how the different economic units such as consumers, governments, and enterprises operate in a competitive markets und make the decisions under conditions of limited amounts of resources is a main subject of studies of the economic science. The lack of resources has turned into a vexed problem in recent years, while people’s desires keep increasing. In order to deal with such a conflict, these three basic questions should be answered by economic systems: What services and goods should be produced and in what quantities? How should these services and goods be produced? Who would be the end customers of such services und goods and how should these should be distributed? Microeconomic theory defines and models an economic activity as an interaction of individuals (economic agents) pursuing their private interests. Considering different microeconomic processes for better understanding the principles of the whole economy we are interested in how the goods are distributed among consumers within different markets. What condition markets’ outcomes, i.e. prices of goods and services and quantities traded, are agents’ behavioral characteristics and the market mechanisms, described of law of supply and demand. It is common to divide two large and groups of agents - households and firms, each of them plays its own role in the market.