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Titlebook: General Equilibrium with Price-Making Firms; Thomas Marschak,Reinhard Selten Book 1974 Springer-Verlag Berlin · Heidelberg 1974 agents.bar

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书目名称General Equilibrium with Price-Making Firms
编辑Thomas Marschak,Reinhard Selten
视频video
丛书名称Lecture Notes in Economics and Mathematical Systems
图书封面Titlebook: General Equilibrium with Price-Making Firms;  Thomas Marschak,Reinhard Selten Book 1974 Springer-Verlag Berlin · Heidelberg 1974 agents.bar
描述Motivation. That elegant fiction the competitive equilibrium seems still to dominate the frontiers of theoretical microeconomics. We may think of it in a general way as a state of affairs wherein economic agents, responding "rationally" to annoWlced prices, make choices which are consistent and feasible. The prices may also be described as "taken": for one reason or another the agents who respond to them consider them as given. The existence of such a state, its optimality, its robustness against free bargaining among agents when there are many of them, its Wliqueness, its stability when price displacements evoke specified adjustments--all these issues have been studied, and continue to be studied in a variety of settings. Slowly the equilibrium investigated begins to incorporate public goods, externalities of certain kinds, differences in agents‘ information, and infinitely many time periods. The appeal of such results need not be belabored: the equilibrium studied may sustain an optimal resource allocation, and when it does it sus­ tains it in a manner that appears to be informationally efficient and to accord well with individual incentives. Therefore it is important to extend t
出版日期Book 1974
关键词agents; bargaining; economics; economy; equilibrium; general equilibrium; information; microeconomics; produ
版次1
doihttps://doi.org/10.1007/978-3-642-65802-0
isbn_softcover978-3-540-06624-8
isbn_ebook978-3-642-65802-0Series ISSN 0075-8442 Series E-ISSN 2196-9957
issn_series 0075-8442
copyrightSpringer-Verlag Berlin · Heidelberg 1974
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Coherent Organizational Responsibility,er firms would make him regret doing so; and (2) markets are cleared so that the firms’ actions are, in fact, mutually consistent and feasible. In the following chapter we study the existence of such an economic state.
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0075-8442 nk of it in a general way as a state of affairs wherein economic agents, responding "rationally" to annoWlced prices, make choices which are consistent and feasible. The prices may also be described as "taken": for one reason or another the agents who respond to them consider them as given. The exis
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Walter Pötz,W. Andreas Schroederd all markets—including the markets for goods bought by consumers —are cleared. We shall prove that such a state exists when certain additional conditions, not considered in the preceding chapter, are imposed on production, on consumers’ demand, and on both together.
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