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Books in General equilibrium and disequilibrium

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    • Macroeconomics of Climate Change in a Dualistic Economy

      A Regional General Equilibrium Analysis
      • 1st Edition
      • Sevil Acar + 2 more
      • English
      Macroeconomics of Climate Change in a Dualistic Economy: A Regional General Equilibrium Analysis generates significant, genuinely novel insights about dual economies and sustainable economic growth. These insights are generalize-able and applicable worldwide. The authors overcome existing limitations in general equilibrium modeling. By concentrating on tensions between green growth and dualism, they consider the global efforts against climate change and opposition by specific countries based on economic development needs. Using Turkey as their primary example, they address these two most discussed and difficult issues related to policy setting, blazing a path for those seeking an applied economic research framework to study such economic considerations.

    • Producers, Consumers, and Partial Equilibrium

      • 1st Edition
      • David Mandy
      • English
      Producers, Consumers, and Partial Equilibrium provides a systematic and accessible presentation of the full formal details in the core theories of producer and consumer choice under conditions of price taking; and covers the standard theories of competitive, monopoly, and oligopoly partial equilibrium among these economic actors. The book pulls together foundational content from many classic sources and organizes it in a self-contained format that rigidly adheres to optimization as the central behavioral postulate and analytical tool for economic theory. The book maintains a sharp focus on the properties of outcomes from optimizing behavior in varying environments. These properties are the refutable hypotheses from each optimization behavioral postulate, and they form the core content of this positive economic theory. In so doing, the book presents and documents the underlying formal structure of the theory with a higher degree of integration and completeness than is typical of Ph.D. textbooks in microeconomics.

    • Rivalrous Consonance: A Theory of General Oligopolistic Equilibrium

      • 1st Edition
      • Volume 157
      • R.E. Kuenne
      • English
      The book is an attempt to construct frameworks for the analysis of oligopoly which combine both the rivalrous and cooperative elements in the market structure of mature oligopolistic industries. It provides an alternative approach to those of game theory and conjectural variation, and does so in a fashion that permits: - the development of a general equilibrium framework that incorporates oligolopy - operational analysis of pricing policies in oligolopy - the tailoring of the analytical framework to the specifics of an industry within the context of multiobjective decision making. The book stresses the need for economic theory to move away from the search for universal theorems concerning oligopolistic behaviour, and to develop a body of specific industry analyses using ``simulative theorizing''.

    • Uncertainty in Economics

      Readings and Exercises
      • 1st Edition
      • Peter Diamond + 1 more
      • English
      Uncertainty in Economics: Readings and Exercises provides information pertinent to the fundamental aspects of the economics of uncertainty. This book discusses ho uncertainty affects both individual behavior and standard equilibrium theory. Organized into three parts encompassing 30 chapters, this book begins with an overview of the relevance of expected utility maximization for positive and normative theories of individual choice. This text then examines the biases in judgments, which reveal some heuristics of thinking under uncertainty. Other chapters consider the effect of restricting trade in contingent commodities to those trades that can be affected through the stock and bond markets. This book discusses as well the individual problem of sequential choice and equilibria, which are built around the notion of sequential choice. The final chapter deals with an entirely different aspect of the economics of information and reverts to the assumption that markets are perfect and costless. This book is a valuable resource for economists and students.

    • Economic Control Structures

      A Non-Walrasian Approach
      • 1st Edition
      • Volume 188
      • B. Martos
      • D.W. Jorgenson
      • English
      This monograph is the result of research work carried out over a decade with the purpose of adopting a new approach to the theory of economic mechanisms. The study focuses on economies which are not in and do not tend to Walrasian equilibrium. Both formal mathematics and verbal argumentation have been used by the author to explain a more general theory of economic mechanisms.

    • A Basic Needs Policy Model

      A General Equilibrium Analysis with Special Reference to Ecuador
      • 1st Edition
      • Volume 175
      • A. Kouwenaar
      • D.W. Jorgenson
      • English
      Using recent research on Ecuador, this book discusses a social accounting matrix (SAM)-based model for simulating the effects of basic needs policies on various socio-economic groups. Specific parameter choice and specification of relationships allow the general equilibrium model to capture rigidities and occurrences of non-perfect commodity and factor markets. Basic needs satisfaction is described as an ``output'' resulting from income formation and expenditure, and dynamically linked to the structural processes of household and socio-economic group formation, formation of the labour force and wealth, and labour productivity. Simulations concentrate on the effects of various expenditure, indirect tax and redistributive policies on incomes and basic needs satisfaction.

    • Handbook of Computable General Equilibrium Modeling

      • 1st Edition
      • Volume 1A
      • Peter B. Dixon + 1 more
      • English
      In this collection of 17 articles, top scholars synthesize and analyze scholarship on this widely used tool of policy analysis, setting forth its accomplishments, difficulties, and means of implementation. Though CGE modeling does not play a prominent role in top US graduate schools, it is employed universally in the development of economic policy. This collection is particularly important because it presents a history of modeling applications and examines competing points of view.

    • Handbook of Computable General Equilibrium Modeling

      • 1st Edition
      • Volume 1B
      • Peter B. Dixon + 1 more
      • English
      In this collection of 16 articles, top scholars synthesize and analyze scholarship on this widely used tool of policy analysis, setting forth its accomplishments, difficulties, and means of implementation. Though CGE modeling does not play a prominent role in top US graduate schools, it is employed universally in the development of economic policy. This collection is particularly important because it presents a history of modeling applications and examines competing points of view.

    • Notes and Problems in Applied General Equilibrium Economics

      • 1st Edition
      • Volume 32
      • K.R. Pearson + 4 more
      • English
      "General-equilibrium... refers to an analytical approach which looks at the economy as a complete system of inter-dependent components (industries, households, investors, governments, importers and exporters). "Applied" means that the primary interest is in systems that can be used to provide quantitative analysis of economic policy problems in particular countries. Reflecting the authors' belief in the models as vehicles for practical policy analysis, a considerable amount of material on data and solution techniques as well as on theoretical structures has been included. The sequence of chapters follows what is seen as the historical development of the subject.The book is directed at graduate students and professional economists who may have an interest in constructing or applying general equilibrium models. The exercises and readings in the book provide a comprehensive introduction to applied general equilibrium modeling. To enable the reader to acquire hands-on experience with computer implementations of the models which are described in the book, a companion set of diskettes is available.

    • Lectures on Microeconomic Theory

      • 2nd Edition
      • Volume 2
      • E. Malinvaud
      • English
      This book deals with microeconomic theory as it concerns general economic equilibrium and the implications for prices and resource allocation. Students with a background in mathematics will find in this volume a broad, comprehensible overview of the ideas which have contributed to our understanding of general equilibrium.