Equilibrium, markets and dynamics: essays in honour of Claus Weddepohl
Gespeichert in:
| Format: | Buch |
|---|---|
| Sprache: | English |
| Veröffentlicht: |
Berlin [u.a.]
Springer
2002
|
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | XV, 344 S. Ill., graph. Darst. |
| ISBN: | 3540434704 |
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Datensatz im Suchindex
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Contents
Claus Weddepohl: the First Dutch Mathematical Economist . . 1
Roald Ramer
1 Introduction 1
2 Axiomatic Choice Theory 3
3 General Competitive Equilibrium 5
4 Non Walrasian Equilibria 8
5 Overlapping Generations 9
6 Markets 10
7 Price Dynamics 13
8 Final Remarks 15
Publication of H.N. Weddepohl 16
Equilibrium 19
Indeterminateness of Equilibria and Macroeconomics 21
Jacques H. Dreze
1 Introduction and Preview 21
2 Two Extensions of the Arrow Debreu Model 24
3 Combining Money and Price Rigidities 28
4 Elementary Dynamics 29
5 Incomplete Markets Heuristics 32
References 35
Equilibrium Properties of Status Seeking and Conformism. 37
Rein Haagsma
1 Introduction 37
2 Status Seeking and Conformism Revisited 40
3 Final Remarks 48
References 49
Recent Criticism of General Equilibrium Theory 51
Arnold Heertje
1 Introduction 51
2 Walker and General Equilibrium 51
3 Critical Evaluation 54
4 Further Development of General Equilibrium Theory 57
References 58
XII Contents
Coordinating Thoughts on Coordination Failures 61
P. Jean Jacques Herings
1 Introduction 61
2 Coordination Games 63
3 Strategic Models of Coordination Failures 65
4 Strategic Models of Coordination Failures with a Coordinating Role
for Prices 68
5 General Equilibrium Models of Coordination Failures 72
6 Conclusion 74
References 75
Dynamic Implementation of Competitive Equilibria
in Renegotiation Proof Equilibrium 77
Hans Keiding
1 Introduction 77
2 Economies over Time and Dynamic Mechanisms 78
3 Nash Implementation and Folk Theorems 82
4 Implementation in Subgame Perfect Nash Equilibrium 85
5 Implementation in Renegotiation Proof Equilibrium 87
References 89
On the Economics of Managing and Returns to
Communications Technology 91
Michael Keren and David Levhari
1 Introduction 91
2 The Model 92
3 The Path of st 93
4 The Characteristics of the Organization 97
5 Discussion 99
Appendix A: The Continuous Case 99
References 101
Dynamic Adjustment of Supply Constrained Disequilibria to
Walrasian Equilibrium 103
Gerard van der Laan and Dolf Talman
1 Introduction 103
2 The Model 107
3 The Equilibrating Mechanism 108
4 Connected Set of Disequilibria 110
5 The Dynamics of the Adjustment Process 113
References 115
A General Equilibrium of Managed Services 117
Pieter H.M. Ruys
1 Introduction 117
2 The Service Opportunity Structure 120
Contents XIII
3 The Governance Structure 128
4 An Economy with Marketable Stratified Services 133
References 138
Markets 141
Undesired Goods in Applied Demand Analysis 143
Anton P. Barten
1 Introduction 143
2 An Example 145
3 A Formalization 147
4 Possible Extensions 152
References 153
Animal Communication 155
Marcel Canoy
Still Searching for Bertrand Equilibrium 167
Eric van Damme
1 Introduction 167
2 Variations on Bertrand's Theme 169
3 Differentiation, Timing and Cooperation 174
4 Behavior 178
5 Conclusion 180
References 181
Environmental Policy and Bertrand Competition:
a General Equilibrium Approach 183
Chris Elbers and Cees Withagen
1 Introduction 183
2 The Model 184
3 Perfect Competition, Monopoly and Cournot Oligopoly 185
4 Bertrand Oligopoly: Partial Equilibrium 187
5 Bertrand Oligopoly: General Equilibrium 189
6 Conclusion 194
References 195
Retiring Rich 197
Jacob K. Goeree
1 The Usual Suspects 198
2 Everyone Pays, Claus Gains 202
3 Afterthoughts and Future Plans 204
References 207
XIV Contents
Scope for Defined Contribution 209
Paul van den Heuvel
1 Introduction 209
2 Model 211
3 Results 214
4 Discussion 215
5 Concluding Remarks 217
References 217
Dynamics 219
On the Possibility of Economic Dynamics 221
Frank Hahn
1 An Example of Equilibrium Dynamics 221
2 Disequilibrium Dynamics 223
3 Disequilibrium Dynamics in the Theory of Growth 227
4 A Brief Digression 229
5 Summing Up 229
References 230
A Bifurcation in an Overlapping Generations Model 231
Jan Bogers
1 Introduction 231
2 The Model 232
3 Existence 237
4 Bifurcations 238
5 Conclusions 243
References 243
Heterogeneous Beliefs and Routes to Complex Dynamics in
Asset Pricing Models with Price Contingent Contracts 245
William A. Brock and Cars H. Homines
1 Introduction 245
2 The Model 249
3 A Simple Example 254
4 General Comments and Discussion 263
References 264
Why Are There Nowadays only a Few Articles on Matrices
in Economic Journals? 267
Dave Furth
1 Introduction 267
2 Stability in an Exchange Economy 268
3 Stability in Cournot Oligopoly 275
4 Final Remarks 279
Contents XV
References 279
Learning in Networks 283
Sanjeev Goyal
1 Introduction 283
2 Network Structure and Technological Change 284
3 Network Formation 287
4 Concluding Remarks 291
References 292
Imitation of Cooperation in Prisoner's Dilemma Games
with Some Local Interaction 293
Maarten C.W. Janssen
1 Introduction 293
2 The Models 295
3 Imitating the Best Behavior 298
4 Imitating the Best Agent 302
5 Conclusion 303
Appendix 303
References 305
Bubbles and Long Range Dependence in
Asset Prices Volatilities 307
Alan Kirman and Gilles Teyssiere
1 Introduction 307
2 A Simple Theoretical Model 311
3 Simulations and Testing 317
4 Conclusion 323
References 324
Nonlinear Dynamics and the Stability of
Competitive Equilibria 329
Jan Tuinstra
1 Introduction 329
2 The Tatonnement Process 330
3 Complicated Dynamics in the Tatonnement Process 332
4 Towards a More Realistic Adjustment Process 338
5 Concluding Remarks 342
References 343 |
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| spellingShingle | Equilibrium, markets and dynamics essays in honour of Claus Weddepohl Weddepohl, Claus Weddepohl, Claus 1941- (DE-588)123627346 gnd Dynamica gtt Economisch evenwicht gtt Marktanalyse gtt Equilibrium (Economics) Dynamische Makroökonomie (DE-588)4200428-7 gnd Allgemeines Gleichgewichtsmodell (DE-588)4210294-7 gnd |
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| title | Equilibrium, markets and dynamics essays in honour of Claus Weddepohl |
| title_auth | Equilibrium, markets and dynamics essays in honour of Claus Weddepohl |
| title_exact_search | Equilibrium, markets and dynamics essays in honour of Claus Weddepohl |
| title_full | Equilibrium, markets and dynamics essays in honour of Claus Weddepohl Cars H. Hommes ... (eds.) |
| title_fullStr | Equilibrium, markets and dynamics essays in honour of Claus Weddepohl Cars H. Hommes ... (eds.) |
| title_full_unstemmed | Equilibrium, markets and dynamics essays in honour of Claus Weddepohl Cars H. Hommes ... (eds.) |
| title_short | Equilibrium, markets and dynamics |
| title_sort | equilibrium markets and dynamics essays in honour of claus weddepohl |
| title_sub | essays in honour of Claus Weddepohl |
| topic | Weddepohl, Claus Weddepohl, Claus 1941- (DE-588)123627346 gnd Dynamica gtt Economisch evenwicht gtt Marktanalyse gtt Equilibrium (Economics) Dynamische Makroökonomie (DE-588)4200428-7 gnd Allgemeines Gleichgewichtsmodell (DE-588)4210294-7 gnd |
| topic_facet | Weddepohl, Claus Weddepohl, Claus 1941- Dynamica Economisch evenwicht Marktanalyse Equilibrium (Economics) Dynamische Makroökonomie Allgemeines Gleichgewichtsmodell Aufsatzsammlung Bibliografie Festschrift |
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