Institutions, Equilibria and Efficiency

Released on by Christian Schultz
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  • Institutions, Equilibria and Efficiency Book Detail

  • Author : Christian Schultz
  • Release Date : 2006-04-22
  • Publisher : Springer Science & Business Media
  • Genre : Business & Economics
  • Pages : 380
  • ISBN 13 : 3540281614
  • File Size : 66,66 MB
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Institutions, Equilibria and Efficiency by Christian Schultz PDF Summary

Book Description: 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

Institutions, Equilibria and Efficiency

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Competition and efficiency is at the core of economic theory. This volume collects papers of leading scholars, which extend the conventional general equilibrium

Institutions, Equilibria and Efficiency

Institutions, Equilibria and Efficiency

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Total View : 5854 Views
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Competition and efficiency is at the core of economic theory. This volume collects papers of leading scholars, which extend the conventional general equilibrium

Institutions and Economic Theory

Institutions and Economic Theory

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This second edition assesses some of the major refinements, extensions, and useful applications that have developed in neoinstitutionalist thought in recent yea

Institutions and Economic Theory

Institutions and Economic Theory

File Size : 93,93 MB
Total View : 6825 Views
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This second edition assesses some of the major refinements, extensions, and useful applications that have developed in neoinstitutionalist thought in recent yea