The three volumes of the "The Collected Scientific Works of David
Cass" are ordered chronologically, which happens to coincide with
the development of the three major advances in Cass' research
agenda, the development of the neoclassical growth model, the
discovery of sunspot equilibria, and the analysis of models of
market incompleteness. This volume consists of the work Cass
completed after leaving Carnegie Mellon for the University of
Pennsylvania's Economics Department (where he remained for the rest
of his career). The work during this period encompasses his
well-known collaboration with Karl Shell and Yves Balasko on
overlapping generations models, and his development with Karl of
the notion of 'sunspot equilibria' - rational expectations
equilibria which are essentially self-fulfilling prophecies. This
period also saw the beginnings of Cass' pioneering research into
the theory of incomplete markets, which grew naturally form his
early interest in models of asset pricing, and includes the paper
which developed what is now known as the Cass trick for analyzing
incomplete markets models.
General
Is the information for this product incomplete, wrong or inappropriate?
Let us know about it.
Does this product have an incorrect or missing image?
Send us a new image.
Is this product missing categories?
Add more categories.
Review This Product
No reviews yet - be the first to create one!
Welcome to Loot.co.za!
Sign in / Register |Wishlists & Gift Vouchers |Help | Advanced search
