Item description for General Equilibrium and Welfare by Pablo Coto-Millán...
In this book the reader is provided with an overview of the most interesting ideas in Competitive General Equilibrium Theory as well as Welfare Economy. In doing so, the author 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.
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Est. Packaging Dimensions: Length: 9" Width: 6" Height: 0.5" Weight: 0.66 lbs.
Release Date Sep 17, 2002
Publisher Physica-Verlag Heidelberg
ISBN 3790814911 ISBN13 9783790814910
Availability 98 units. Availability accurate as of Jan 20, 2017 05:09.
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