General Equilibrium and Welfare
- ISBN: 9783790814910
- Editorial: Physica-Verlag Gmbh.
- Fecha de la edición: 2002
- Lugar de la edición: Berlin. Alemania
- Encuadernación: Rústica
- Medidas: 24 cm
- Nº Pág.: 174
- Idiomas: Inglés
This overview of competitive general equilibrium theory and welfare economy adopts a methodological approach of a closed and inter-related system where all variables are simultaneously determined. By using theorems of fixed point, revealed preference and local and global stability, the author proves the existence of unicity and stability. Furthermore, he analyses those situations where the competitive system does not allocate resources efficiently. In this sense, he examines allocation problems in regard to property rights, information problems and choice and negotiation problems. Finally, the text includes a chapter that presents a topical guide of questions related to Social Choice. Table of Contents General Equilibrium Other Models of General Equilibrium. General Equilibrium and Main Functional Forms of Utility and Production Computable General Equilibrium Welfare Social Choice and Individual Freedom - A Thematic Guide
