Sinossi
The developments of economic theory in the 1950s served to pinpoint important underlying assumptions in the study of market institutions. The conflict between observed institutions and the benchmark interpretation became apparent. This led to the introduction of new equilibrium concepts. The emphasis was on the possibilities to transfer purchasing power over time using spot markets involving assets or money. This advanced textbook focuses on the developments in the theory of incomplete markets and overlapping generations economies where income transfers over time are restricted either by available assets or by the unfeasibility of contracts with unborn generations. It bridges the gap between standard textbooks on microeconomics and more advanced expositions. Contains diagrams, examples and exercises.
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Contenuti
1 Consumers and Economies — A Review.- 2 Economies over Time.- 3 Assets and Income Transfers.- 4 Economies with Uncertainty.- 5 Existence and Determinacy.- 6 Optimality and Incomplete Markets.- 7 Overlapping Generations Economies.- 8 Optimal Allocations in OG Economies.- 9 Stationary OG Economies.- 10 Global Dynamics: Turnpike Equilibria.- 11 Global Dynamics: Cyclical Equilibria.- Appendix A Some Results from Calculus.- Appendix B Quadratic Forms and Bordered Matrices.- Appendix C Separation Theorems and Farkas’ Lemma.- Appendix D Dynamical Systems.- List of Notation.
Product Description
Book by Borglin Anders
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Economic Dynamics and General Equilibrium: Time and Uncertainty
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Economic Dynamics and General Equilibrium: Time and Uncertainty
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Condizione: Good. This is an ex-library book and may have the usual library/used-book markings inside.This book has hardback covers. In good all round condition. No dust jacket. Library sticker on front cover. Please note the Image in this listing is a stock photo and may not match the covers of the actual item,850grams, ISBN:9783540002659. Codice articolo 4323060
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Economic Dynamics and General Equilibrium: Time and Uncertainty
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Economic Dynamics and General Equilibrium
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Springer Berlin Heidelberg Nov 2003, 2003
ISBN 10: 3540002650
ISBN 13: 9783540002659
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Da: BuchWeltWeit Ludwig Meier e.K., Bergisch Gladbach, Germania
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Buch. Condizione: Neu. This item is printed on demand - it takes 3-4 days longer - Neuware -The developments in economic theory in the 1950s served to pinpoint important underlying assumptions in the study of market institutions. The conflict between observed institutions - spot markets for commodities, financial markets - and the benchmark interpretation - forward markets for commodities, allowing all trade to take place at a single point in time, became apparent. This led to the introduction of new equilibrium concepts; temporary equilibria, spot-market equilibria and monetary equilibria. The emphasis was on the possibilities to transfer purchasing power over time or over states using spot markets involving assets or money. This book focuses on the developments in the theory of incomplete markets and overlapping generations economies where income transfers over time or across states are restricted either by available assets or by the infeasibility of contracts with unborn generations. It bridges the gap between standard textbooks on microeconomics and more advanced expositions. TOC:Time and Uncertainty in General Equilibrium Theory: Consumers and Economies - A Review.- Economies over Time.- Assets and Income Transfers.- Economies with Uncertainty.- Existence and Determinacy.- Optimality and Incomplete Markets. Overlapping Generations Economies: Overlapping Generations Economies.- Optimality in OG Economies.- Stationary OG Economies.- Global Dynamics.- Fluctuations.- Conclusions and Suggestions for Further Reading.- Appendix: Some Calculus Results; Quadratic Forms and Bordered Matrices; Separation Theorem and Farkas' Lemma; Dynamical Systems. 420 pp. Englisch. Codice articolo 9783540002659
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Economic Dynamics and General Equilibrium: Time and Uncertainty
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Laminated boards. xiv, 396 pp. 49 figures and 26 tables. Ex-lib with minimal markings: spine label, ink stamp on top edge and title page, bar code on rear pastedown, otherwise clean and bright. Codice articolo 014656
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Economic Dynamics and General Equilibrium
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Gebunden. Condizione: New. Dieser Artikel ist ein Print on Demand Artikel und wird nach Ihrer Bestellung fuer Sie gedruckt. Advanced textbook on economies overtime and under uncertaintyFirst book with a unified treatment of allocative efficiency and structure of equilibria for overlapping generations economiesWith diagrams, examples and excercisesThe . Codice articolo 4877048
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Economic Dynamics and General Equilibrium
ISBN 10: 3540002650
ISBN 13: 9783540002659
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Buch. Condizione: Neu. Neuware -This book grew out of the teaching and lecture notes for a course in 'Dynamic Economics' given at Copenhagen University where it has been part of a combined study program in economics and mathematics since 1986. The subjects in the course have varied over time but a common theme has been the study of economies over time and under uncertainty in the form of incomplete markets and the overlapping generations model. When I took up a position at Lund University in 1996 Mich Tvede took over responsibility for the course and together we developed a large part of the material, which formed the basis for the present book. He has generously allowed me to use all of our common material. There is a considerable overlap between general equilibrium theory with incomplete markets (GEI), finance and macroeconomic theory, which sterns from the considerations of time and uncertainty, as can be seen from the splendid textbooks by LeRoy and Werner [2001], Pliska [1997] and the seminal work on GEI by Magill and Quinzee [1996], in partic ular its 'Historical Remarks' which off er a brilliant history of modern economic theory. The exposition here airns at making some of the results of GEI and on overlapping generations (OG) economies readily available to areader acquainted with economic theory at an upper undergraduate level.Springer Verlag GmbH, Tiergartenstr. 17, 69121 Heidelberg 420 pp. Englisch. Codice articolo 9783540002659
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Economic Dynamics and General Equilibrium : Time and Uncertainty
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Buch. Condizione: Neu. Druck auf Anfrage Neuware - Printed after ordering - This book grew out of the teaching and lecture notes for a course in 'Dynamic Economics' given at Copenhagen University where it has been part of a combined study program in economics and mathematics since 1986. The subjects in the course have varied over time but a common theme has been the study of economies over time and under uncertainty in the form of incomplete markets and the overlapping generations model. When I took up a position at Lund University in 1996 Mich Tvede took over responsibility for the course and together we developed a large part of the material, which formed the basis for the present book. He has generously allowed me to use all of our common material. There is a considerable overlap between general equilibrium theory with incomplete markets (GEI), finance and macroeconomic theory, which sterns from the considerations of time and uncertainty, as can be seen from the splendid textbooks by LeRoy and Werner [2001], Pliska [1997] and the seminal work on GEI by Magill and Quinzee [1996], in partic ular its 'Historical Remarks' which off er a brilliant history of modern economic theory. The exposition here airns at making some of the results of GEI and on overlapping generations (OG) economies readily available to areader acquainted with economic theory at an upper undergraduate level. Codice articolo 9783540002659
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Economic Dynamics and General Equilibrium | Time and Uncertainty
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Buch. Condizione: Neu. Economic Dynamics and General Equilibrium | Time and Uncertainty | Anders Borglin | Buch | xiv | Englisch | 2003 | Springer-Verlag GmbH | EAN 9783540002659 | Verantwortliche Person für die EU: Springer Verlag GmbH, Tiergartenstr. 17, 69121 Heidelberg, juergen[dot]hartmann[at]springer[dot]com | Anbieter: preigu Print on Demand. Codice articolo 102554063
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Economic Dynamics and General Equilibrium: Time and Uncertainty
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Hardcover. Condizione: New. In shrink wrap. Looks like an interesting title! Codice articolo Q-3540002650
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