Imperfect General Equilibrium: The Economy as an Evolutionary Process: Individualistic, Discrete, Deterministic
Economic theory of the last fifty years has been dominated by the paradigm of General Equilibrium Theory, based on the scientific work of Walras-Pareto-Cassel-Wald-Hicks-Arrow-De breu-McKenzie. Some of its grounding assumptions are: all prices are fully flexible; an auctioneer appropriately manipul...
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Berlin, Heidelberg
Springer Berlin Heidelberg
1994
|
| Ausgabe: | 1st ed. 1994 |
| Schriftenreihe: | Lecture Notes in Economics and Mathematical Systems
415 |
| Schlagworte: | |
| Online-Zugang: | BTU01 URL des Erstveröffentlichers |
| Zusammenfassung: | Economic theory of the last fifty years has been dominated by the paradigm of General Equilibrium Theory, based on the scientific work of Walras-Pareto-Cassel-Wald-Hicks-Arrow-De breu-McKenzie. Some of its grounding assumptions are: all prices are fully flexible; an auctioneer appropriately manipulates all prices according to the law of supply and demand; every con sumer has only one budget constraint; all agents are perfectly informed; no actions are taken by agents before a vector of prices has been found such that all markets clear. Indeed, when all markets clear every agent can implement her/his chosen (opti mal) action and nobody is urged to change his/her decisions. Under these assumptions it is generally said that in a (one pe riod, competitive) general equilibrium model there is no place for money. The present monograph takes general equilibrium as the ba sis on which to build the model presented. But its first aim is to completely dispense with the Walrasian auctioneer by giving firms the task of choosing their output price~ period after period |
| Beschreibung: | 1 Online-Ressource (XI, 167 p) |
| ISBN: | 9783642483998 |
| DOI: | 10.1007/978-3-642-48399-8 |
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| discipline | Mathematik Wirtschaftswissenschaften |
| discipline_str_mv | Mathematik Wirtschaftswissenschaften |
| doi_str_mv | 10.1007/978-3-642-48399-8 |
| edition | 1st ed. 1994 |
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| isbn | 9783642483998 |
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| spelling | Nicola, Pier C. Verfasser aut Imperfect General Equilibrium The Economy as an Evolutionary Process: Individualistic, Discrete, Deterministic by Pier C. Nicola 1st ed. 1994 Berlin, Heidelberg Springer Berlin Heidelberg 1994 1 Online-Ressource (XI, 167 p) txt rdacontent c rdamedia cr rdacarrier Lecture Notes in Economics and Mathematical Systems 415 Economic theory of the last fifty years has been dominated by the paradigm of General Equilibrium Theory, based on the scientific work of Walras-Pareto-Cassel-Wald-Hicks-Arrow-De breu-McKenzie. Some of its grounding assumptions are: all prices are fully flexible; an auctioneer appropriately manipulates all prices according to the law of supply and demand; every con sumer has only one budget constraint; all agents are perfectly informed; no actions are taken by agents before a vector of prices has been found such that all markets clear. Indeed, when all markets clear every agent can implement her/his chosen (opti mal) action and nobody is urged to change his/her decisions. Under these assumptions it is generally said that in a (one pe riod, competitive) general equilibrium model there is no place for money. The present monograph takes general equilibrium as the ba sis on which to build the model presented. But its first aim is to completely dispense with the Walrasian auctioneer by giving firms the task of choosing their output price~ period after period Economic Theory/Quantitative Economics/Mathematical Methods Economic theory Evolutorische Wirtschaft (DE-588)4232912-7 gnd rswk-swf Allgemeines Gleichgewichtsmodell (DE-588)4210294-7 gnd rswk-swf Gleichgewichtstheorie (DE-588)4071876-1 gnd rswk-swf Gleichgewichtstheorie (DE-588)4071876-1 s Evolutorische Wirtschaft (DE-588)4232912-7 s DE-604 Allgemeines Gleichgewichtsmodell (DE-588)4210294-7 s Erscheint auch als Druck-Ausgabe 9783540581024 Erscheint auch als Druck-Ausgabe 9783642484001 https://doi.org/10.1007/978-3-642-48399-8 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Nicola, Pier C. Imperfect General Equilibrium The Economy as an Evolutionary Process: Individualistic, Discrete, Deterministic Economic Theory/Quantitative Economics/Mathematical Methods Economic theory Evolutorische Wirtschaft (DE-588)4232912-7 gnd Allgemeines Gleichgewichtsmodell (DE-588)4210294-7 gnd Gleichgewichtstheorie (DE-588)4071876-1 gnd |
| subject_GND | (DE-588)4232912-7 (DE-588)4210294-7 (DE-588)4071876-1 |
| title | Imperfect General Equilibrium The Economy as an Evolutionary Process: Individualistic, Discrete, Deterministic |
| title_auth | Imperfect General Equilibrium The Economy as an Evolutionary Process: Individualistic, Discrete, Deterministic |
| title_exact_search | Imperfect General Equilibrium The Economy as an Evolutionary Process: Individualistic, Discrete, Deterministic |
| title_exact_search_txtP | Imperfect General Equilibrium The Economy as an Evolutionary Process: Individualistic, Discrete, Deterministic |
| title_full | Imperfect General Equilibrium The Economy as an Evolutionary Process: Individualistic, Discrete, Deterministic by Pier C. Nicola |
| title_fullStr | Imperfect General Equilibrium The Economy as an Evolutionary Process: Individualistic, Discrete, Deterministic by Pier C. Nicola |
| title_full_unstemmed | Imperfect General Equilibrium The Economy as an Evolutionary Process: Individualistic, Discrete, Deterministic by Pier C. Nicola |
| title_short | Imperfect General Equilibrium |
| title_sort | imperfect general equilibrium the economy as an evolutionary process individualistic discrete deterministic |
| title_sub | The Economy as an Evolutionary Process: Individualistic, Discrete, Deterministic |
| topic | Economic Theory/Quantitative Economics/Mathematical Methods Economic theory Evolutorische Wirtschaft (DE-588)4232912-7 gnd Allgemeines Gleichgewichtsmodell (DE-588)4210294-7 gnd Gleichgewichtstheorie (DE-588)4071876-1 gnd |
| topic_facet | Economic Theory/Quantitative Economics/Mathematical Methods Economic theory Evolutorische Wirtschaft Allgemeines Gleichgewichtsmodell Gleichgewichtstheorie |
| url | https://doi.org/10.1007/978-3-642-48399-8 |
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