Existence of Equilibrium in an Infinite-dimensional Riesz Space

Existence of Equilibrium in an Infinite-dimensional Riesz Space PDF Author: Ghanshyam Mehta
Publisher:
ISBN: 9780909260255
Category : Equilibrium (Economics)
Languages : en
Pages : 8

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Existence of Equilibrium in an Infinite-dimensional Riesz Space

Existence of Equilibrium in an Infinite-dimensional Riesz Space PDF Author: Ghanshyam Mehta
Publisher:
ISBN: 9780909260255
Category : Equilibrium (Economics)
Languages : en
Pages : 8

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Book Description


Equilibrium Theory in Infinite Dimensional Spaces

Equilibrium Theory in Infinite Dimensional Spaces PDF Author: M. Ali Khan
Publisher: Springer Science & Business Media
ISBN: 3662070715
Category : Business & Economics
Languages : en
Pages : 441

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Book Description
Apart from the underlying theme that all the contributions to this volume pertain to models set in an infinite dimensional space, they differ on many counts. Some were written in the early seventies while others are reports of ongoing research done especially with this volume in mind. Some are surveys of material that can, at least at this point in time, be deemed to have attained a satisfactory solution of the problem, while oth ers represent initial forays into an original and novel formulation. Some furnish alternative proofs of known, and by now, classical results, while others can be seen as groping towards and exploring formulations that have not yet reached a definitive form. The subject matter also has a wide leeway, ranging from solution concepts for economies to those for games and also including representation of preferences and discussion of purely mathematical problems, all within the rubric of choice variables belonging to an infinite dimensional space, interpreted as a commodity space or as a strategy space. Thus, this is a collective enterprise in a fairly wide sense of the term and one with the diversity of which we have interfered as little as possible. Our motivation for bringing all of this work under one set of covers was severalfold.

Existence and Optimality of Competitive Equilibria

Existence and Optimality of Competitive Equilibria PDF Author: Charalambos D. Aliprantis
Publisher: Springer Science & Business Media
ISBN: 3662218933
Category : Business & Economics
Languages : en
Pages : 294

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Book Description
This monograph is a systematic exposition of the authors' research on general equi librium models with an infinite number of commodities. It is intended to serve both as a graduate text on aspects of general equilibrium theory and as an introduction, for economists and mathematicians working in mathematical economics, to current research in a frontier area of general equilibrium theory. To this end, we have pro vided two introductory chapters on the basic economic model and the mathematical framework. The exercises at the end of each section complement the main exposition. Chapter one is a concise but substantiative discussion of the questions of exis tence and optimality of competitive equilibria in the Walrasian general equilibrium model of an economy with a finite number of households, firms and commodities. Our extension of this model to economies with an infinite number of commodities constitutes the core material of this book and begins in chapter three. Readers fa miliar with the Walrasian general equilibrium model as exposited in (13], [23] or [52] may treat chapter one as a handy reference for the main economic concepts and notions that are used throughout the book.

Advances in Equilibrium Theory

Advances in Equilibrium Theory PDF Author: C.D. Aliprantis
Publisher: Springer Science & Business Media
ISBN: 3642516025
Category : Business & Economics
Languages : en
Pages : 240

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General Equilibrium Analysis

General Equilibrium Analysis PDF Author: Monique Florenzano
Publisher: Springer Science & Business Media
ISBN: 1475753152
Category : Business & Economics
Languages : en
Pages : 187

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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.

Infinite Dimensional Analysis

Infinite Dimensional Analysis PDF Author: Charalambos D. Aliprantis
Publisher: Springer Science & Business Media
ISBN: 3662039613
Category : Mathematics
Languages : en
Pages : 692

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Book Description
This book presents functional analytic methods in a unified manner with applications to economics, social sciences, and engineering. Ideal for those without an extensive background in the area, it develops topology, convexity, Banach lattices, integration, correspondences, and the analytic approach to Markov processes. Many of the results were previously available only in esoteric monographs and will interest researchers and students who will find the material readily applicable to problems in control theory and economics.

General Equilibrium

General Equilibrium PDF Author: Frank Hahn
Publisher: Routledge
ISBN: 1134433611
Category : Business & Economics
Languages : en
Pages : 398

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Book Description
In recent years certain leading figures in the world of economics have called the usefulness of general equilibrium theory into question. This superb new book brings together leading economic theorists with important contributions to the ongoing debate. General equilibrium theorists including Michio Morishima, Michael Magill and Martine Quinzii debate strengths, weaknesses and possible futures with leading thinkers such as Herb Gintis, Pierangelo Garegnani and Duncan Foley, who seek to explain the rejection of general equilibrium. Uniquely, none of the contributors portray general equilibrium theory as the perfect guide to market economies actual behaviour, but rather illustrate that there is insufficient acquaintance with existing alternatives and that general equilibrium theory is often used as an ideal 'benchmark'.

Locally Solid Riesz Spaces with Applications to Economics

Locally Solid Riesz Spaces with Applications to Economics PDF Author: Charalambos D. Aliprantis
Publisher: American Mathematical Soc.
ISBN: 0821834088
Category : Business & Economics
Languages : en
Pages : 360

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Book Description
Riesz space (or a vector lattice) is an ordered vector space that is simultaneously a lattice. A topological Riesz space (also called a locally solid Riesz space) is a Riesz space equipped with a linear topology that has a base consisting of solid sets. Riesz spaces and ordered vector spaces play an important role in analysis and optimization. They also provide the natural framework for any modern theory of integration. This monograph is the revised edition of the authors' bookLocally Solid Riesz Spaces (1978, Academic Press). It presents an extensive and detailed study (with complete proofs) of topological Riesz spaces. The book starts with a comprehensive exposition of the algebraic and lattice properties of Riesz spaces and the basic properties of order bounded operatorsbetween Riesz spaces. Subsequently, it introduces and studies locally solid topologies on Riesz spaces-- the main link between order and topology used in this monograph. Special attention is paid to several continuity properties relating the order and topological structures of Riesz spaces, the most important of which are the Lebesgue and Fatou properties. A new chapter presents some surprising applications of topological Riesz spaces to economics. In particular, it demonstrates that theexistence of economic equilibria and the supportability of optimal allocations by prices in the classical economic models can be proven easily using techniques At the end of each chapter there are exercises that complement and supplement the material in the chapter. The last chapter of the book presentscomplete solutions to all exercises. Prerequisites are the fundamentals of real analysis, measure theory, and functional analysis. This monograph will be useful to researchers and graduate students in mathematics. It will also be an important reference tool to mathematical economists and to all scientists and engineers who use order structures in their research.

Paul A. Samuelson

Paul A. Samuelson PDF Author: John Cunningham Wood
Publisher: Taylor & Francis
ISBN: 9780415310611
Category : Biography & Autobiography
Languages : en
Pages : 416

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Book Description
Samuelson is a key figure in economic thinking. This gathers the essential assessments of this important economist, and provides an unparalleled insight into his lasting impact on economics.

Models of Economic Dynamics

Models of Economic Dynamics PDF Author: Hugo F. Sonnenschein
Publisher: Springer Science & Business Media
ISBN: 3642516459
Category : Business & Economics
Languages : en
Pages : 220

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Book Description