Equilibrium, welfare and uncertainty
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Equilibrium, welfare and uncertainty beyond Arrow-Debreu by Mukul Majumdar

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Published by Routledge in New York, NY .
Written in English


  • Equilibrium (Economics),
  • Welfare economics,
  • Uncertainty

Book details:

Edition Notes

StatementMukul Majumdar.
LC ClassificationsHB145 .M345 2009
The Physical Object
Paginationp. cm.
ID Numbers
Open LibraryOL22679126M
ISBN 109780415701938, 9780203878736
LC Control Number2008045892

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Equilibrium and welfare --Finiteness and comparative statics --Chaotic tatonnement --Special structures --Decentralization in infinite horizon economies --General equilibrium under uncertainty: complete markets --Radner equilibrium --Survival: random exchange economies --Equilibrium with an infinite number of commodities --An axiomatization.   Equilibrium, Welfare and Uncertainty: Beyond Arrow-Debreu by Mukul Majumdar, , available at Book Depository with free delivery : Mukul Majumdar. The book is also unique in some respects: It contains chapters on infinite horizon economies and on axiomatization of the Walras correspondence. It is an excellent treatment of modern general equilibrium theory. In particular, it is one of the best available expositions of Author: Mukul Majumdar. 1 Equilibrium and Welfare; 2 Finiteness and Comparative Statics; 3 Chaotic Tatonnement; 4 Special Structures; 5 Decentralization in Infinite Horizon Economies; 6 General Equilibrium under Uncertainty: Complete Markets; 7 Radner Equilibrium; 8 Survival: Random Exchange Economies; 9 Equilibrium with an Infinite Number of Commodities: Responsibility.

Lecture Notes Microeconomic Theory. This lecture note covers the following topics: Modern Economics and Mathematics, Individual Decision Making, Consumer Theory, Production Theory, Choice Under Uncertainty, Strategic Behavior and Markets, Game Theory, Theory of the Market, General Equilibrium Theory and Social Welfare, Normative Theory of Equilibrium: Its Welfare Properties, Economic Core. Ambiguity, Uncertainty Aversion and Equilibrium Welfare Article (PDF Available) in Economic Theory 23(3) March with 39 Reads How we measure 'reads'Author: Rose-Anne Dana. Kenneth Joseph Arrow (23 August – 21 February ) was an American economist, mathematician, writer, and political was the joint winner of the Nobel Memorial Prize in Economic Sciences with John Hicks in In economics, he was a major figure in post-World War II neo-classical economic of his former graduate students have gone on to win the Nobel Alma mater: City College of New York, Columbia University. A comprehensive analysis of the theoretical tools and real world applications of microeconomics. This book covers all the significant topics in modern microeconomics: demand and the theory of the consumer, including applications and extensions; theory of the firm; production, cost and supply; partial equilibrium theory of markets; general equilibrium and welfare economics; uncertainty and.

This book addresses these needs and requirements by emphasizing the basic underpinnings of general equilibrium and welfare economics. In particular, the theory of choice, which is fundamental to both areas, is developed in a very comprehensive and rigorous fashion. Partial Equilibrium Welfare Analysis Under Uncertainty. Takashi Hayashi. Pages Partial equilibrium welfare analysis isolates a market for a single commodity from the rest of the economy, presuming that other things remain equal, and measures gains and losses by means of consumer surplus. the book illustrates partial. This book addresses the gaps in undergraduate teaching of partial equilibrium analysis, providing a general equilibrium viewpoint to illustrate the assumptions underlying partial equilibrium welfare analysis. It remains unexplained, at least at the level of general economics teaching, in what senseBrand: Palgrave Macmillan. Free 2-day shipping. Buy Equilibrium, Welfare and Uncertainty: Beyond Arrow-Debreu at