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Titlebook: Institutions, Equilibria and Efficiency; Essays in Honor of B Christian Schultz,Karl Vind Book 2006 Springer-Verlag Berlin Heidelberg 2006

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书目名称Institutions, Equilibria and Efficiency
副标题Essays in Honor of B
编辑Christian Schultz,Karl Vind
视频video
概述Includes supplementary material:
丛书名称Studies in Economic Theory
图书封面Titlebook: Institutions, Equilibria and Efficiency; Essays in Honor of B Christian Schultz,Karl Vind Book 2006 Springer-Verlag Berlin Heidelberg 2006
描述.Competition and efficiency is at the core of economic theory. This volume collects papers of leading scholars, which extend the conventional general equilibrium model in important ways: Efficiency and price regulation are studied when markets are incomplete and existence of equilibria in such settings is proven under very general preference assumptions. The model is extended to include geographical location choice, a commodity space incorporating manufacturing imprecision and preferences for club-membership, schools and firms. Inefficiencies arising from household externalities or group membership are evaluated. Core equivalence is shown for bargaining economies. The theory of risk aversion is extended and the relation between risk taking and wealth is experimentally investigated. Other topics include determinacy in OLG with cash-in-advance constraints, income distribution and democracy in OLG, learning in OLG and in games, optimal pricing of derivative securities, the impact of heterogeneity at the individual level for aggregate consumption, and adaptive contracting in view of uncertainty..
出版日期Book 2006
关键词Economic efficiency; Economic equilibrium; Incomplete Markets; Market structure; Markov Chain
版次1
doihttps://doi.org/10.1007/3-540-28161-4
isbn_softcover978-3-642-06637-5
isbn_ebook978-3-540-28161-0Series ISSN 1431-8849 Series E-ISSN 2196-9930
issn_series 1431-8849
copyrightSpringer-Verlag Berlin Heidelberg 2006
The information of publication is updating

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