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Hierarchically Structured Economies: Models with Bilateral Exchange Institutions (Theory and Decision Library C, 15) - Hardcover
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In six chapters this book introduces a micro-economic model where trade takes place through a stable structure of bilateral exchange institutions.The main problem in such models is that, for well-known equilibrium concepts, equilibrium may fail to exist in the corresponding game. In this work an adaptation of such models - hierarchically structured economies - is introduced. The possibilities and limitations of the use of the concept of subgame perfect equilibrium within the context of this kind of models is discussed. Furthermore, it is shown that some well-known market forms, viz. Walrasian and monopolistic markets, occur as special cases. A modification of the concept of subgame perfect equilibrium is introduced to formulate and prove a general theorem on the existence of equilibrium in hierarchically structured economies.
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Hierarchically Structured Economies: Models with Bilateral Exchange Institutions (Theory and Decision Library C (15))
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Hierarchically Structured Economies: Models with Bilateral Exchange Institutions (Theory and Decision Library C)
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Hierarchically Structured Economies: Models with Bilateral Exchange Institutions (Theory and Decision Library C, 15)
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Hierarchically Structured Economies
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Gebunden. Condition: New. Dieser Artikel ist ein Print on Demand Artikel und wird nach Ihrer Bestellung fuer Sie gedruckt. In six chapters this book introduces a micro-economic model where trade takes place through a stable structure of bilateral exchange institutions.The main problem in such models is that, for well-known equilibrium concepts, equilibrium may fail to exist . Seller Inventory # 5967998
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Hierarchically Structured Economies : Models with Bilateral Exchange Institutions
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ISBN 13: 9780792343981
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Buch. Condition: Neu. Druck auf Anfrage Neuware - Printed after ordering - In six chapters this book introduces a micro-economic model where trade takes place through a stable structure of bilateral exchange institutions.The main problem in such models is that, for well-known equilibrium concepts, equilibrium may fail to exist in the corresponding game. In this work an adaptation of such models - hierarchically structured economies - is introduced. The possibilities and limitations of the use of the concept of subgame perfect equilibrium within the context of this kind of models is discussed. Furthermore, it is shown that some well-known market forms, viz. Walrasian and monopolistic markets, occur as special cases. A modification of the concept of subgame perfect equilibrium is introduced to formulate and prove a general theorem on the existence of equilibrium in hierarchically structured economies. Seller Inventory # 9780792343981
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Hierarchically Structured Economies
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ISBN 10: 0792343980
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Buch. Condition: Neu. This item is printed on demand - Print on Demand Titel. Neuware -In six chapters this book introduces a micro-economic model where trade takes place through a stable structure of bilateral exchange institutions.The main problem in such models is that, for well-known equilibrium concepts, equilibrium may fail to exist in the corresponding game. In this work an adaptation of such models - hierarchically structured economies - is introduced. The possibilities and limitations of the use of the concept of subgame perfect equilibrium within the context of this kind of models is discussed. Furthermore, it is shown that some well-known market forms, viz. Walrasian and monopolistic markets, occur as special cases. A modification of the concept of subgame perfect equilibrium is introduced to formulate and prove a general theorem on the existence of equilibrium in hierarchically structured economies.Springer Verlag GmbH, Tiergartenstr. 17, 69121 Heidelberg 192 pp. Englisch. Seller Inventory # 9780792343981
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Hierarchically Structured Economies: Models with Bilateral Exchange Institutions (Theory and Decision Library C (15))
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Hierarchically Structured Economies
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Buch. Condition: Neu. This item is printed on demand - it takes 3-4 days longer - Neuware -In six chapters this book introduces a micro-economic model where trade takes place through a stable structure of bilateral exchange institutions.The main problem in such models is that, for well-known equilibrium concepts, equilibrium may fail to exist in the corresponding game. In this work an adaptation of such models - hierarchically structured economies - is introduced. The possibilities and limitations of the use of the concept of subgame perfect equilibrium within the context of this kind of models is discussed. Furthermore, it is shown that some well-known market forms, viz. Walrasian and monopolistic markets, occur as special cases. A modification of the concept of subgame perfect equilibrium is introduced to formulate and prove a general theorem on the existence of equilibrium in hierarchically structured economies. 192 pp. Englisch. Seller Inventory # 9780792343981
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