Holiday book sale: Save up to 30% on print and eBooks. No promo code needed.
Save up to 30% on print and eBooks.
Introduction to Equilibrium Analysis
Variations on Themes by Edgeworth and Walras
1st Edition - January 1, 1976
Authors: W. Hildenbrand, A. P. Kirman
Editors: C. J. Bliss, M. D. Intriligator
9 7 8 - 1 - 4 8 3 2 - 7 5 2 6 - 0
Advanced Textbooks in Economics, Volume 6: Introduction to Equilibrium Analysis: Variations on Themes by Edgeworth and Walras focuses on the approaches developed and instituted by… Read more
Save 50% on book bundles
Immediately download your ebook while waiting for your print delivery. No promo code is needed.
Advanced Textbooks in Economics, Volume 6: Introduction to Equilibrium Analysis: Variations on Themes by Edgeworth and Walras focuses on the approaches developed and instituted by Edgeworth and Walras in the study of equilibrium analysis. The book first underscores exchange economies, core of a game, and large economies. Discussions focus on economies with a continuum of agents, Walras equilibrium, prices and demand, balancedness, and commodity space. The manuscript then ponders on limit theorems for the core and existence of competitive equilibria. Topics include equilibria without convexity of preferences, existence of equilibria for economies with convex preferences, individual demand, emergence of prices, asymptotic equal treatment for most, uniform boundedness of core allocations, and limit theorems for type and replica economies. The publication examines continuous, upper, and lower hemi-continuous correspondences, fixed point theorems, and separation of convex sets. The book is a vital source of data for economists and researchers interested in equilibrium analysis.
PrefaceChapter 1. An Introductory Outline 1. Introduction 2. Basic Example 3. Improving by Cooperation 4. Decentralization by Prices 5. Coincidence of Two Themes 6. Conjuring Trick 7. Limit Economies and Insignificance 8. From Limits to Limiting Results 9. Back to Walras 10. Less Well Behaved Individuals 11. Forewarned is ForearmedChapter 2. Exchange Economies 1. Introduction 2. Commodity Space 3. Agents' Characteristics 4. Economies 5. AppendixChapter 3. The Core of a Game 1. Introduction 2. Balancedness 3. Non-Classical Exchange Economies 4. AppendixChapter 4. Large Economies 1. Introduction 2. Prices and Demand 3. Walras Equilibrium 4. Economies with a Continuum of AgentsChapter 5. Limit Theorems for the Core 1. Limit Theorem for Replica Economies 2. Limit Theorems for Type Economies 3. Uniform Boundedness of Core Allocations 4. Asymptotic Equal Treatment for Most 5. Asymptotic Equal Treatment for All 6. Proof of Limit Theorem 5.2 7. Emergence of Prices 8. Alternative Proof for Section 6Chapter 6. Existence of Competitive Equilibria 1. Introduction 2. Individual Demand 3. Total Demand 4. Equilibria for Strongly Conve Preferences 5. Equilibria for Economies with Convex Preferences 6. Equilibria without Convexity of Preferences 7. Conclusions 8. AppendixMathematical Appendix I: Topological Concepts in Rl 1. Convergence of R1 2. Closed and Open SetsMathematical Appendix II: Separation TheoremsMathematical Appendix III: Continuous Correspondences 1. Introduction 2. Upper Hemi-Continuous Correspondences 3. Lower Hemi-Continuous Correspondences 4. Continuous CorrespondencesMathematical Appendix IV: Fixed Point TheoremsList of Mathematical SymbolsReferencesAuthor IndexSubject Index