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Microeconomics : Institutions, Equilibrium and Optimality.
The first part of this book contains the material for a course in standard microeconomics and general equilibrium. These chapters contain the necessary background on commodities, consumers, producers, as well as the classical results about the existence of general (Walras) equilibria and the fundame...
| Clasificación: | Libro Electrónico |
|---|---|
| Autor principal: | |
| Otros Autores: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Amsterdam :
North-Holland,
1990.
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| Colección: | Advanced textbooks in economics ;
Volume 30. |
| Temas: | |
| Acceso en línea: | Texto completo |
Tabla de Contenidos:
- Front Cover; Microeconomics: Institutions, Equilibrium and Optimality; Copyright Page; INTRODUCTION TO THE SERIES; PREFACE; Table of Contens; Chapter 1. FUNDAMENTAL CONCEPTS; 1.1. What is Microeconomics?; 1.2. General systems; 1.3. Agents and commodities; 1.4. Institutions; 1.5. Choice situations; one agent; 1.6. Group choice and aggregation of preferences; 1.7. Social choice and manipulation; 1.8. Strategic behaviour: Game Theory; 1.9. Remarks; Chapter 2. THE CONSUMER; 2.1. Consumption sets; 2.2. The utility function; 2.3. Consumer behaviour in the market. The demand function.
- 2.4. Duality and compensated demand2.5. Properties of the demand function; 2.6. Revealed preferences; 2.7. Remarks; Chapter 3. THE PRODUCER; 3.1. Production sets; 3.2. Production functions; 3.3. Basic assumptions on the production set; 3.4. An example: Constant returns to scale technologies; 3.5. Producer behaviour in the market; 3.6. Cost and production functions; Duality; 3.7. Remarks; Chapter 4. OPTIMALITY AND DECENTRALIZATION; 4.1. Economies, allocations, Pareto optimality; 4.2. Optimality and efficiency; 4.3. Market equilibria and the first fundamental theorem of welfare economics.
- 4.4. A graphical illustration4.5. The second fundamental theorem of welfare economics; 4.6. Differential characterization of Pareto optimality; 4.7. Social utility and social optimum; 4.8. Optimality and convexity; 4.9. Remarks; Chapter 5. WALRAS EQUILIBRIUM; 5.1. Private ownership economies; Walras equilibria; 5.2. Existence of Walras equilibria; 5.3. Uniqueness and stability; excess demand functions; 5.4. Production and Walras equilibria: A special case; 5.5. Remarks; Chapter 6. FIXED PRICE EQUILIBRIA; 6.1. Introduction; 6.2. Fixed prices and quantity constraints; 6.3. Dr�eze equilibria.
- 6.4. Optimality properties of Dr�eze equilibria. Coupons equilibria6.5. Voluntary net trades; budget constrained Pareto optimal allocations; 6.6. Conjectural equilibria; 6.7. A simple macro model; 6.8. Remarks; Chapter 7. IMPERFECT COMPETITION; 7.1. Introduction; 7.2. General equilibrium models with subjective demand; 7.3. Objective demand: Cournot-Walras equilibria; 7.4. Imperfectly competitive equilibria; 7.5. Markets with trading rules and money; 7.6. Remarks; Chapter 8. EXTERNALITIES AND PUBLIC GOODS; 8.1. External effects; 8.2. Public Goods; 8.3. Remarks; Chapter 9. IMPLEMENTATION.
- 9.1. Introduction9.2. Mechanisms; 9.3. An example of implementation; 9.4. Hurwicz's theorem and the Walras correspondence; 9.5. Implementation of abstract performance correspondences
- a general result; 9.6. Implementation and ethics; 9.7. Truthful implementation: An example; 9.8. Remarks; Chapter 10. LARGE ECONOMIES; 10.1. Introduction; 10.2. An example: Many agents make a nice economy; 10.3. The core of an economy; 10.4. Core and equilibrium in an infinite economy; 10.5. Core and equilibrium in large but finite economies; 10.6. Remarks; Chapter 11. TIME AND ALLOCATION.