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Essays Honor of Kenneth J Arrow v2: Volume 2, Equilibrium Analysis - Brossura

Heller, Walter P.

 
9780521063821: Essays Honor of Kenneth J Arrow v2: Volume 2, Equilibrium Analysis

Sinossi

This second volume of economic theory is divided into sections on general equilibrium and on the microfoundations of macroeconomics.

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Descrizione del libro

Professor Kenneth J. Arrow is a most distinguished economic theorist who played a major role in shaping the present state of the subject and is honoured here by these three volumes, each dealing with a different area of economic theory. Including contributions by some of the best economic theorists, this second volume is divided into sections on general equilibrium and on the microfoundations of macroeconomics.

Contenuti

Part I. General Equilibrium: 1. A general equilibrium theory of North-South trade Graciela Chichilnisky; 2. Soldiers of fortune? Theodore Bergstrom; 3. The dynamics of industrywide learning Nancy L. Stokey; 4. Decentralised trade in a credit economy Ross M. Starr; 5. Lump-sum taxes and transfers: public debt in the overlapping-generations model Yves Balasko and Karl Shell; 6. Coordination failure under complete markets with applications to effective demand Walter P. Heller; Part II. Microfoundations of Macroeconomics: 7. Price flexibility, inventory behaviour and production responses Heinz Koenig and Marc Nerlove; 8. On asymmetric information, unemployment and inflexible wages Mordecai Kurz; 9. Asymmetric adjustment costs and sectoral shifts Laurence Weiss; 10. Implicit contracts and risk aversion Takatoshi Ito; 11. An exercise in non-Walrasian analysis Frank Hahn; 12. Monopolistic competition and the multiplier Robert M. Solow.

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