Static and Dynamic Aspects of General Disequilibrium Theory

Released on by P. Jean-Jacques Herings
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  • Static and Dynamic Aspects of General Disequilibrium Theory Book Detail

  • Author : P. Jean-Jacques Herings
  • Release Date : 2012-12-06
  • Publisher : Springer Science & Business Media
  • Genre : Business & Economics
  • Pages : 509
  • ISBN 13 : 1461562511
  • File Size : 36,36 MB
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Static and Dynamic Aspects of General Disequilibrium Theory by P. Jean-Jacques Herings PDF Summary

Book Description: Mathematical economics uses mathematical tools and reasoning to describe and explain economic reality. At the core of mathematical economics is general equilibrium theory. Static and Dynamic Aspects of General Disequilibrium Theory describes and analyses various general equilibrium models, treating theory from an axiomatic point of view, which may lead to a deeper understanding of problems, may help to avoid incorrect reasoning, and may improve communication within the economic science. This volume consists of four parts, each of which is self-contained. Part I deals with the mathematical and economic preliminaries. Part II considers the static aspects of disequilibrium theory. Part III determines price rigidities endogenously. Finally, Part IV deals with dynamic aspects of disequilibrium theory.

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This book contains essays in honour of Claus Weddepohl who, after 22 years, is retiring as professor of mathematical economics at the Department of Quantitative