Fundamentals of general equilibrium analysis / Takashi Suzuki
Material type: TextSeries: Mathematical Economics and Game Theory ; Volume 6Publication details: New Jersey World Scientific 2021Description: 417pISBN:- 9780000990358
- 330.15 SUZ-T
Item type | Current library | Collection | Shelving location | Call number | Status | Date due | Barcode | Item holds | |
---|---|---|---|---|---|---|---|---|---|
Books | BITS Pilani Hyderabad | 330 | General Stack (For lending) | 330.15 SUZ-T (Browse shelf(Opens below)) | Available | 45888 |
Browsing BITS Pilani Hyderabad shelves, Shelving location: General Stack (For lending), Collection: 330 Close shelf browser (Hides shelf browser)
330.122 STR-W How will capitalism end? : essays on a failing system / | 330.122019 AKE-G Animal spirits : how human psychology drives the economy, and why it matters for global capitalism / | 330.126 RAJ-R The third pillar : | 330.15 SUZ-T Fundamentals of general equilibrium analysis / | 330.15 YUE-L Great Crashes / | 330.1509 RON-A A brief history of economic thought / | 330.153 SMI-A Inquiry into the nature and causes of the wealth of nations / |
The scope of the general equilibrium (GE) theory has so far been limited to the Walrasian tradition. Indeed, the views of competitive equilibria and the core are nothing but the modern mathematical analysis of the economic ideas due to Walras, Edgeworth and Pareto. Consequently, recent books in this field are inclined to be heavily technical and mathematical. On the other hand, the modern GE theory has not completed the study of increasing returns and monopolistic competition, which belong to the significant alternative stream of economic thought, namely the Marshallian tradition. This book aims to fill this gap by proving the existence of competitive equilibrium with increasing returns from externalities in a dynamic economy and a monopolistically competitive equilibrium with the technologies exhibiting increasing returns from a considerable set-up cost. Also intended as an introductory graduate textbook on GE theory. It contains all the primary results and mathematical techniques in this field, such as to measure theory, manifold theory and Banach space theory. A unique feature of the book compared to classical monographs on GE is its emphasis on the subject's historical nature, not only the mathematical nature. Students are expected to learn that those mathematically formidable techniques are necessary for tackling many economic problems, which have been significant not only in the mathematical or technical context but also in the historical and traditional context.
There are no comments on this title.