| 书目名称 | General Equilibrium Foundation of Partial Equilibrium Analysis | | 编辑 | Takashi Hayashi | | 视频video | | | 概述 | Bridges the gap between general equilibrium and partial equilibrium analysis.Offers a new perspective on applied microeconomics.Exposes the flawed teaching of general and partial equilibrium analysis. | | 图书封面 |  | | 描述 | 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 | | 出版日期 | Book 2017 | | 关键词 | Mechanism design; Imperfect competition; Vives approach; Monopoly; Oligopoly; Cardinal utility; Income; Hic | | 版次 | 1 | | doi | https://doi.org/10.1007/978-3-319-56696-2 | | isbn_softcover | 978-3-319-85975-0 | | isbn_ebook | 978-3-319-56696-2 | | copyright | The Editor(s) (if applicable) and The Author(s) 2017 |
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发表于 2025-3-21 19:36:05
