Books > Business & Economics > Economics > Microeconomics
|
Buy Now
Hierarchically Structured Economies - Models with Bilateral Exchange Institutions (Paperback, Softcover reprint of hardcover 1st ed. 1997)
Loot Price: R2,964
Discovery Miles 29 640
|
|
Hierarchically Structured Economies - Models with Bilateral Exchange Institutions (Paperback, Softcover reprint of hardcover 1st ed. 1997)
Series: Theory and Decision Library C, 15
Expected to ship within 10 - 15 working days
|
In six chapters this book introduces a micro-economic model where
trade takes place through a stable structure of bilateral exchange
institutions.The main problem in such models is that, for
well-known equilibrium concepts, equilibrium may fail to exist in
the corresponding game. In this work an adaptation of such models -
hierarchically structured economies - is introduced. The
possibilities and limitations of the use of the concept of subgame
perfect equilibrium within the context of this kind of models is
discussed. Furthermore, it is shown that some well-known market
forms, viz. Walrasian and monopolistic markets, occur as special
cases. A modification of the concept of subgame perfect equilibrium
is introduced to formulate and prove a general theorem on the
existence of equilibrium in hierarchically structured economies.
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!
|
You might also like..
|
Email address subscribed successfully.
A activation email has been sent to you.
Please click the link in that email to activate your subscription.