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Fundamentals Of General Equilibrium Analysis (Hardcover)
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Fundamentals Of General Equilibrium Analysis (Hardcover)
Series: Series On Mathematical Economics And Game Theory, 6
Expected to ship within 10 - 15 working days
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The aim of this book is to incorporate Marshallian ideas such as
external increasing returns and monopolistic competitions into the
general equilibrium framework of Walrasian tradition. New chapters
and sections have been added to this revised and expanded edition
of General Equilibrium Analysis of Production and Increasing
Returns (World Scientific, 2009).The new material includes a
presentation of equilibrium existence and core equivalence theorems
for an infinite horizon economy with a measure space of consumers.
These results are currently the focus of extensive studies by
mathematical theorists, and are obtained by an application of an
advanced mathematical concept called saturated (super-atomless)
measure space.The second major change is the inclusion of a simple
toy model of a liberal society which implements the difference
principle proposed by J Rawls as a principle of distributive
justice. This new section opens up a possibility to connect
theoretical economics and political philosophy.Thirdly, the author
presents the marginal cost pricing equilibrium and discusses
welfare properties of the external increasing returns, which also
belong to Marshall/ Pigou tradition of the Cambridge
school.Finally, a new mathematical appendix treats basics of
singular homology theory. Although the fixed point theorem is
originally a theorem of algebraic topology, most economic students
know its proof only in the context of the differentiable manifold
theory presented by J Milnor. Considering the significance of the
fixed point theorem and its playing a key role in general
equilibrium theory, the purpose of this new appendix is to provide
readers with the idea of a proof of Brower's fixed point theorem
from the 'right place'.This volume will be helpful for graduate
students and researchers of mathematical economics, game theory,
and microeconomics.
General
Imprint: |
World Scientific Publishing Co Pte Ltd
|
Country of origin: |
Singapore |
Series: |
Series On Mathematical Economics And Game Theory, 6 |
Release date: |
September 2020 |
First published: |
2021 |
Authors: |
Takashi Suzuki
|
Format: |
Hardcover
|
Pages: |
436 |
ISBN-13: |
978-981-12-1961-0 |
Categories: |
Books >
Science & Mathematics >
Mathematics >
Optimization >
Game theory
|
LSN: |
981-12-1961-3 |
Barcode: |
9789811219610 |
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