Lectures in the Microeconomics of Choice: Foundations, Consumers, and Producers: 14 - Rilegato

Bryant, W. D. A.

Rilegato

ISBN 10: 9811254702 ISBN 13: 9789811254703

Casa editrice: World Scientific Pub Co Inc, 2023

Riassunto

People Pursue Their Own Interests, Whatever Those Interests Might Be. Some People Have Interests That Are Narrow And Selfish, Others Have Interests That Are Broad And Altruistic, Still Others Have Interests That Vary And Are Somewhere In Between. The Bedrock Idea That People Are Self-Interested (And From Which All Economic Analysis Proceeds) Raises Two Fundamental Questions. Firstly: How Is It That People Choose The Actions They Think Will Further Their Interests? Secondly: What Are The Social And Economic Consequences Of The Interaction Of The (Potentially Conflicting) Choices Made By Different People? This Book Is Devoted To A Detailed Study Of The First Question. The Book Begins With The Arrow – Debreu Theory Of Consumer Choice. This Theory Supposes People Choose So As To Maximize A Complete, Continuous, Transitive, And Reflexive Binary Preference Relation Over A Non-Empty And Compact Choice Set, Under Conditions Of Certainty And In An Atemporal Context. The Book Then Studies Numerous Intriguing And Ingenious Modifications, Relaxations, And Generalizations Of Each Of These Restrictions That Have Appeared In The Literature — And Which Continue To Appear In The Literature — Over The Past Several Decades. This Is Up To And Including Recent Work On Behavioral Theories Of Choice. The Study Is Presented From The Primal, Dual, And Revealed Preference Points Of View. Consumers Are Not The Only Agents In An Economy, As Producers Are Present As Well. Starting With The Arrow – Debreu Idea That Producers Choose From A Convex Production Set So As To Maximize Profit, A Study Is Made Of Some Of The Extensions, Modifications, And Generalizations Of This Framework That Have Appeared In The Literature. The Study Is Presented From The Primal And Dual Points Of View. The Final Chapter In This Book Provides A Link To Its Companion Volume (Economy-Wide Microeconomics: Equilibrium, Optimality, Applications And Tests). That Volume Takes The Theories Of Consumer And Producer Choice Encountered In This Book And Makes A Detailed Study Of The Second Question Posed Above.

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Informazioni sull?autore

William David Anthony (Tony) Bryant is an Honorary Associate Professor of Economics in the Department of Economics at Macquarie University. He holds degrees from the Australian National University and the University of Western Sydney, and after a short period working in the Commonwealth Department of Minerals and Energy in Canberra, he moved into academia, where he has worked happily ever since. He has had visiting positions at UC Berkeley, Cambridge University, XLRI, and Sydney University, among other places. His main research interests are in Microeconomics, General Equilibrium Theory, and game theory.

Professor Bryant has published numerous journal articles, book chapters, and research reports in Microeconomics, General Equilibrium Theory, and related areas, including a recently edited volume titled Computable General Equilibrium Models (World Scientific) and a review of Economy Wide Modelling of Water in CGE Models (Oxford University Press). Recently, in a joint work with Edwin Franks, he has discovered, and published in Economics Letters, an interesting set of new necessary and sufficient conditions under which the Law of Demand holds. This work is part of an extensive and ongoing research program aimed at understanding the foundations of General Equilibrium Theory.

Professor Bryant's book, General Equilibrium: Theory and Evidence (World Scientific, 2010), was very favorably reviewed in Zentralblatt MATH, has been influential with research workers, and is highly cited in the literature. This monograph contains a careful and extended investigation of the foundations of general equilibrium. It turns up surprising and compelling conclusions about conditions necessary for general equilibrium.

Professor Bryant's teaching ― particularly of advanced undergraduate and graduate students ― regularly receives high praise for its breadth, clarity, rigor, and its ability to educate and deeply inform.

Dettagli dell'edizione

• Editore: World Scientific Pub Co Inc
• Data di pubblicazione: 2023
• Lingua: Inglese
• ISBN 10: 9811254702
• ISBN 13: 9789811254703
• Rilegatura: Copertina rigida
• Numero di pagine: 756
• Contatto del produttore: non disponibile
• Persona responsabile: non disponibile