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Core and Equilibria of a Large Economy. (PSME-5)
Werner Hildenbrand
€ 109.12
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Description for Core and Equilibria of a Large Economy. (PSME-5)
Hardback. Series: Princeton Studies in Mathematical Economics. Num Pages: 262 pages, black & white illustrations. BIC Classification: KCA; KCHS; KCL. Category: (P) Professional & Vocational; (U) Tertiary Education (US: College). Dimension: 235 x 155 x 16. Weight in Grams: 542.
Can every allocation in the core of an economy be decentralized by a suitably chosen price system? Werner Hildenbrand shows that the answer is yes if the economy has "many" participating agents and if the influence of every individual agent on collective actions is "negligible." To give a general and precise definition of economics with this property he considers both economies with a continuum of agents, and a sequence of economies with an increasing number of participants. In both cases this leads to a measure theoretic formulation of economic equilibrium analysis. In the first part of the book the ... Read more
Can every allocation in the core of an economy be decentralized by a suitably chosen price system? Werner Hildenbrand shows that the answer is yes if the economy has "many" participating agents and if the influence of every individual agent on collective actions is "negligible." To give a general and precise definition of economics with this property he considers both economies with a continuum of agents, and a sequence of economies with an increasing number of participants. In both cases this leads to a measure theoretic formulation of economic equilibrium analysis. In the first part of the book the ... Read more
Product Details
Format
Hardback
Publication date
2018
Publisher
Princeton University Press United States
Number of pages
262
Condition
New
Series
Princeton Studies in Mathematical Economics
Number of Pages
262
Place of Publication
New Jersey, United States
ISBN
9780691645766
SKU
V9780691645766
Shipping Time
Usually ships in 7 to 11 working days
Ref
99-1
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