Institutions, Equilibria and Efficiency

Name: Institutions, Equilibria and Efficiency
Brand: Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
SKU: 9783642066375
Price: 57800 HUF
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Essays in Honor of Birgit Grodal

Szerző: Christian Schultz, Karl Vind

Nyelv:

Kötés: Puha kötésű

Kiadó: Springer-Verlag Berlin and Heidelberg GmbH & Co. KG

Elérhetőség: Beszállítói készleten

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Competition and efficiency is at the core of economic theory. This volume collects papers of leading...

Információk a könyvről

Szerző

Christian Schultz, Karl Vind

Nyelv

Angol

Kötés

Könyv - Puha kötésű

Kiadva

2010

oldal

384

EAN

9783642066375

ISBN

3642066372

Enbook ID

01651864

Kiadó

Springer-Verlag Berlin and Heidelberg GmbH & Co. KG

Súly

611

Méretek

155 x 235 x 20

Teljes leírás

Competition and efficiency is at the core of economic theory. This volume collects papers of leading scholars, which extend the conventional general equilibrium model in important ways: Efficiency and price regulation are studied when markets are incomplete and existence of equilibria in such settings is proven under very general preference assumptions. The model is extended to include geographical location choice, a commodity space incorporating manufacturing imprecision and preferences for club-membership, schools and firms. Inefficiencies arising from household externalities or group membership are evaluated. Core equivalence is shown for bargaining economies. The theory of risk aversion is extended and the relation between risk taking and wealth is experimentally investigated. Other topics include determinacy in OLG with cash-in-advance constraints, income distribution and democracy in OLG, learning in OLG and in games, optimal pricing of derivative securities, the impact of heterogeneity at the individual level for aggregate consumption, and adaptive contracting in view of uncertainty.

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Institutions, Equilibria and Efficiency

Essays in Honor of Birgit Grodal

Információk a könyvről

Teljes leírás

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