Könyv Hierarchically Structured Economies Willy Spanjers

Hierarchically Structured Economies

Models with Bilateral Exchange Institutions

Szerző: Willy Spanjers
Nyelv: Angol
Kötés: Puha kötésű
Elérhetőség: Beszállítói készleten
Küldés 5-8 napon belül
38 599 Ft
In six chapters this book introduces a micro-economic model where trade takes place through a stable...

Információk a könyvről

Szerző
Nyelv
Angol
Kötés
Könyv - Puha kötésű
Kiadva
2010
oldal
182
EAN
9781441947710
ISBN
144194771X
Enbook ID
01423210
Súly
485
Méretek
210 x 279 x 11

Teljes leírás

In six chapters this book introduces a micro-economic model where trade takes place through a stable structure of bilateral exchange institutions.The main problem in such models is that, for well-known equilibrium concepts, equilibrium may fail to exist in the corresponding game. In this work an adaptation of such models - hierarchically structured economies - is introduced. The possibilities and limitations of the use of the concept of subgame perfect equilibrium within the context of this kind of models is discussed. Furthermore, it is shown that some well-known market forms, viz. Walrasian and monopolistic markets, occur as special cases. A modification of the concept of subgame perfect equilibrium is introduced to formulate and prove a general theorem on the existence of equilibrium in hierarchically structured economies.

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