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General Equilibrium and Welfare (Hardcover, illustrated edition) Loot Price: R3,120
Discovery Miles 31 200
General Equilibrium and Welfare (Hardcover, illustrated edition): John Creedy

General Equilibrium and Welfare (Hardcover, illustrated edition)

John Creedy

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Loot Price R3,120 Discovery Miles 31 200 | Repayment Terms: R292 pm x 12*

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This major new book provides an accessible and innovative introduction to general equilibrium analysis and associated welfare economics. In this distinct and refreshing treatment, John Creedy develops a simple two sector model using only diagrams and simple mathematics to ensure that this treatment will be accessible to students.The analysis of exchange and the gains from trade in the context of price taking behaviour are the subject of the first part of the book. Special attention is given to general equilibrium supply and demand curves and, in contrast with partial equilibrium treatments, the possibility of multiple equilibria. Trading at disequilibrium prices, the influence of the numbers of traders and bargaining solutions are then discussed before production is added to the analysis and the two sector model constructed. General Equilibrium and Welfare will be welcomed for its accessible introduction to General Equilibrium analysis and for the strong emphasis it places on exchange, which is closely in line with the work of early neoclassical writers such as Jevons, Walras, Edgeworth and Wicksell.

General

Imprint: Edward Elgar Publishing Ltd
Country of origin: United Kingdom
Release date: July 1996
Authors: John Creedy
Dimensions: 234 x 156mm (L x W)
Format: Hardcover
Pages: 176
Edition: illustrated edition
ISBN-13: 978-1-85898-418-6
Categories: Books > Business & Economics > Economics > Economic theory & philosophy
Books > Social sciences > Sociology, social studies > Social welfare & social services > General
Books > Business & Economics > Finance & accounting > Finance > Public finance > General
Books > Money & Finance > Public finance > General
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LSN: 1-85898-418-1
Barcode: 9781858984186

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