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 ...
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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 the circumstances under which an equilibrium exists, under which it sustains opti- mality, and under which it survives displacements as well as free bargaining among agents.
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Add this copy of General Equilibrium With Price-Making Firms to cart. $10.00, very good condition, Sold by Rain Dog Books rated 4.0 out of 5 stars, ships from Bloomington, IL, UNITED STATES, published 1974 by Springer-Verlag.
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Very Good. 8vo. 246 pp. Lecture notes in economics and mathematical systems. We specialize in fine books in collectible condition. Orders are professionaly packaged and shipped promptly. W12.
Add this copy of General Equilibrium With Price-Making Firms (Lecture to cart. $23.29, good condition, Sold by Anybook rated 4.0 out of 5 stars, ships from Lincoln, UNITED KINGDOM, published 1974 by Springer-Verlag.
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Volume 91. This is an ex-library book and may have the usual library/used-book markings inside. This book has hardback covers. In good all round condition. No dust jacket. Re-bound by library. Please note the Image in this listing is a stock photo and may not match the covers of the actual item, 700grams, ISBN: 0387066241.
Add this copy of General Equilibrium With Price-Making Firms (Lecture to cart. $43.79, good condition, Sold by Bonita rated 4.0 out of 5 stars, ships from Newport Coast, CA, UNITED STATES, published 1974 by Springer-Verlag.
Add this copy of General Equilibrium With Price-Making Firms (Lecture to cart. $91.09, good condition, Sold by Bonita rated 4.0 out of 5 stars, ships from Newport Coast, CA, UNITED STATES, published 1974 by Springer.
