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General equilibrium theory and evidence by W. D. A. Bryant

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Published by World Scientific in New Jersey .
Written in


  • Gleichgewichtstheorie,
  • Theorie,
  • Equilibrium (Economics)

Book details:

Edition Notes

Includes bibliographical references (p. 435-476) and index.

StatementW.D.A. Bryant
LC ClassificationsHB145 .B789 2010
The Physical Object
Paginationx, 481 p.
Number of Pages481
ID Numbers
Open LibraryOL27040798M
ISBN 109812818340
ISBN 109789812818348

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Theory of General Economic Equilibrium provides information pertinent to the general economic equilibrium theory. This book covers a variety of topics, including efficiency, economic systems analysis, welfare economics, and international trade. Organized into three parts encompassing eight chapters, this book begins with an overview of the theory of efficient production and growth where . This advanced textbook provides a straightforward but comprehensive introduction to applied general equilibrium modeling. General equilibrium is the backbone of modern economic analysis, which is why generation after generation of economics students have been introduced to it. This book presents various methods in order to compute the dynamics of general equilibrium models. In part I, the representative-agent stochastic growth model is solved with the help of value function iteration, linear and linear quadratic approximation methods, parameterised expectations and . General equilibrium theory can quickly get into the higher realms of mathemat-ical economics. Nevertheless a lot of the big ideas can be expressed in a simple 5. two-person two-good exchange economy. A useful graphical way to study such economies is the Edgeworth box, after F. Edgeworth, a famous Cambridge (U.K.).

Nov 01,  · The theory of general equilibrium offers a simplified guide to how real economies function: describing how production, prices, demand and consumer preference interact in multiple markets and tend towards a state of equilibrium. General equilibrium theory. Part of a series on. In economics, general equilibrium theory attempts to explain the behavior of supply, demand, and prices in a whole economy with several or many interacting markets, by seeking to prove that the interaction of demand and supply will result in . The book begins with an historical presentation of general equilibrium theory that includes the two theorems of welfare economics and also a new proof of the existence of an equilibrium. The central chapters examine the main results of the theory of general equilibrium that can be obtained by following the equilibrium manifold and natural projection approach. This advanced textbook aims at providing a simple but fully operational introduction to applied general equilibrium. General equilibrium is the backbone of modern economic analysis and as such generation after generation of economics students are introduced to it. As an analytical tool in.