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Titlebook: Equilibrium and Dynamics; Essays in Honour of Mukul Majumdar (H. T. Warshow and Robert Irving Wa Book 1992 Mukul Majumdar 1992 economic th

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Krista Garcia,Eileen M. Crimmins This covered, as it is sometimes called, the ‘linear homogeneous case’ where a buyer’s utility for money is constant and independent of the object he may be assigned. The model has since been substantially generalised and shown to have various remarkable properties, some of which we will refer to b
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Sally C. Curtin,Donna L. Hoyertpics as growth, money, finance and international trade use the methods and the framework of general equilibria. That was not the case in the early 1950s when David Gale, together with Arrow, Debreu, McKenzie and Nikaido among others, started the systematic study that led this revolutionary change. R
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Typologies of Differential Games,s are nominally denoted rests crucially on an information structure that assures the absence of risk free arbitrage in equilibrium. Subsequent existence proofs given by Werner (1985) and Duffle (1987) have also leaned heavily on the assumption that equilibrium will be absent of arbitrage opportuniti
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https://doi.org/10.1007/978-3-319-47181-5goods, but with restrictions on borrowing and insurance and with a Clower constraint on payments. Fiscal actions are understood to be manipulations of taxes and subsidies. Monetary policy is understood to be the purchase and sale of government debt or control of the banking system’s ability to lend.
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Sutirtha Bandyopadhyay,Soham Sahoonstream of analysis in economics, where the emphasis is on optimisation — more on ‘achieving the best’ than on ‘averting failure’. Given some institutional constraints, however, the behaviour of some economic agent (a consumer, a manager of a firm, a small farmer) can perhaps be modelled more realis
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Iltae Kim,Soojong Kim,Suyeol Ryummes over an infinite horizon, when future utilities are not discounted. This paper changed, in a very substantive manner, the way in which economists approached the problems of optimal allocation of resources over time. The question with which the paper concerned itself was, of course, a very chall
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