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Author: Yves Balasko
Publisher:
ISBN: 9781788210409
Category : Equilibrium (Economics).
Languages : en
Pages : 0
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Book Description
Written by one of the key pioneers in the field, this book offers an accessible introduction to general equilibrium theory. Written for undergraduates taking courses in economic theory and modelling who have limited mathematical proficiency, the book fills a gap between forbidding technical expositions and the less rigorous elementary ones.
Author: Manuel Alejandro Cardenete
Publisher: Springer Science & Business Media
ISBN: 3642247458
Category : Business & Economics
Languages : en
Pages : 126
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Book Description
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 economics, general equilibrium provides one of the most complete views of an economy since it incorporates all economic agents (households, firms, government, foreign sector) in an integrated way that is compatible with microtheory and microdata. The integration of theory and data handling is required for successful modeling but it requires a double ability that is not found in standard books. With this book we aim at filling the gap and provide advanced students with the required tools, from the building of consistent and applicable general equilibrium models to the interpretation of the results that ensue from the adoption of policies. The topics include: model design, model development, computer code examples, calibration and data adjustments, practical policy examples.
Author: Yves Balasko
Publisher:
ISBN: 9781788210409
Category : Equilibrium (Economics).
Languages : en
Pages : 0
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Book Description
Written by one of the key pioneers in the field, this book offers an accessible introduction to general equilibrium theory. Written for undergraduates taking courses in economic theory and modelling who have limited mathematical proficiency, the book fills a gap between forbidding technical expositions and the less rigorous elementary ones.
Author: Mary E. Burfisher
Publisher: Cambridge University Press
ISBN: 1107132207
Category : Business & Economics
Languages : en
Pages : 443
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Book Description
The book provides a hands-on introduction to computable general equilibrium (CGE) models, written at an accessible, undergraduate level.
Author: Anjan Mukherji
Publisher: Oxford University Press, USA
ISBN: 9780195659078
Category : Business & Economics
Languages : en
Pages : 260
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Book Description
This Book Provides A Thorough Introduction To General Equilibrium Analysis For Non-Specialist Students Filling The Gap Between The Classic High-Level Texts, And On The Other, The Very Limited Presentation Of The Theory In Terms Of Edgeworth Box Diagrams.
Author: James C. Moore
Publisher: Springer Science & Business Media
ISBN: 354032223X
Category : Business & Economics
Languages : en
Pages : 575
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Book Description
This book offers the basic grasp of general equilibrium theory that is a fundamental background for advanced work in virtually any sub-field of economics, and the thorough understanding of the methods of welfare economics, particularly in a general equilibrium context, that is indispensable for undertaking applied policy analysis. The book uses extensive examples, both simple ones intended to bolster basic concepts, and those illustrating application of the material to economics in practice.
Author: Monique Florenzano
Publisher: Springer Science & Business Media
ISBN: 140207512X
Category : Business & Economics
Languages : en
Pages : 198
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Book Description
General Equilibrium Analysis is a systematic exposition of the Walrasian model of economic equilibrium with a finite number of agents, as formalized by Arrow, Debreu and McKenzie at the beginning of the fifties and since then extensively used, worked and studied. Existence and optimality of general equilibrium are developed repeatedly under different sets of hypothesis which define some general settings and delineate different approaches to the general equilibrium existence problem. The final chapter is devoted to the extension of the general equilibrium model to economies defined on an infinite dimensional commodity space. The objective of General Equilibrium Analysis is to give to each problem in each framework the most general solution, at least for the present state of art. The intended readers are graduate students, specialists and researchers in economics, especially in mathematical economics. The book is appropriate as a class text, or for self-study.
Author: Takashi Hayashi
Publisher: Springer
ISBN: 3319566962
Category : Business & Economics
Languages : en
Pages : 193
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Book Description
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 sense partial equilibrium analysis is indeed a part of general equilibrium analysis. 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. This is a money metric that is supposed to be summable across individuals, recommending policy that maximizes the social surplus. But what justifies such apparently uni-dimensional practise? Within a general equilibrium framework, the assumption of no income effect is presented as the key condition, and substantive general equilibrium situations in which the condition emerges are presented. The analysis is extended to the case of uncertainty, in which the practice adopts aggregate expected consumer surplus, and scrutinizes when such practice is justified. Finally, the book illustrates partial equilibrium as an institutional artifact, meaning that institutional constraint induces individuals to behave as if they are in partial equilibrium. This volume forms an important contribution to the literature by researching why this disparity persists and the implications for economics education.
Author: Jaime De Melo
Publisher: MIT Press
ISBN: 9780262041225
Category : Business & Economics
Languages : en
Pages : 320
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Book Description
The authors' model is the first large-scale computer simulation of the effects of changes in U.S. import quotas.
Author: James P. Quirk
Publisher: New York : McGraw-Hill
ISBN:
Category : Business & Economics
Languages : en
Pages : 246
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Book Description
The setting: individual economic agents; The setting: supply and demand, competitive equilibrium; Existence and uniqueness; Welare economics.
Author: John B. Shoven
Publisher: Cambridge University Press
ISBN: 9780521319867
Category : Business & Economics
Languages : en
Pages : 316
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Book Description
The central idea underlying this work is to convert the Walrasian general equilibrium structure (formalized in the 1950s by Kenneth Arrow, Gerard Debreu and others) from an abstract representation of an economy into realistic models of actual economies.
