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Economic theory of the last fifty years has been dominated by the paradigm of General Equilibrium Theory, based on the scientific work of Walras-Pareto-Cassel-Wald-Hicks-Arrow-De breu-McKenzie. Some of its grounding assumptions are: all prices are fully flexible; an auctioneer appropriately manipulates all prices according to the law of supply and demand; every con sumer has only one budget constraint; all agents are perfectly informed; no actions are taken by agents before a vector of prices has been found such that all markets clear. Indeed, when all markets clear every agent can implement her/his chosen (opti mal) action and nobody is urged to change his/her decisions. Under these assumptions it is generally said that in a (one pe riod, competitive) general equilibrium model there is no place for money. The present monograph takes general equilibrium as the ba sis on which to build the model presented. But its first aim is to completely dispense with the Walrasian auctioneer by giving firms the task of choosing their output price~ period after period.
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Text: English (translation)
Original Language: Italian
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Book Description Springer, 2016. Paperback. Condition: New. PRINT ON DEMAND Book; New; Publication Year 2016; Not Signed; Fast Shipping from the UK. No. book. Seller Inventory # ria9783540581024_lsuk
Book Description Springer, 1994. PAP. Condition: New. New Book. Delivered from our UK warehouse in 4 to 14 business days. THIS BOOK IS PRINTED ON DEMAND. Established seller since 2000. Seller Inventory # IQ-9783540581024
Book Description Springer-Verlag Berlin and Heidelberg GmbH and Co. KG, 1994. PAP. Condition: New. New Book. Shipped from US within 10 to 14 business days. THIS BOOK IS PRINTED ON DEMAND. Established seller since 2000. Seller Inventory # IQ-9783540581024
Book Description Springer, 1994. Paperback. Condition: NEW. 9783540581024 This listing is a new book, a title currently in-print which we order directly and immediately from the publisher. For all enquiries, please contact Herb Tandree Philosophy Books directly - customer service is our primary goal. Seller Inventory # HTANDREE0339187
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Book Description Springer, 1994. Condition: New. This item is printed on demand for shipment within 3 working days. Seller Inventory # LP9783540581024
Book Description Springer, 1994. Paperback. Condition: New. Seller Inventory # INGM9783540581024
Book Description Springer, 1994. Paperback. Condition: Brand New. softcover reprint of the original 1st ed. 1994 edition. 178 pages. 9.25x6.10x0.43 inches. In Stock. Seller Inventory # x-3540581022
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Book Description Springer. Paperback. Condition: New. 167 pages. Dimensions: 9.2in. x 6.1in. x 0.4in.The topic of this book is a temporary general disequilibrium with prices chosen by firms, rationing implemented by firms; taxes, public goods and flat money issued by a Public Authority. A special feature are the illustrations of time paths for prices and quantities. This monograph presents a new look at general disequilibrium analysis in calendar time and provides the proof that the economy behaves orderly even without auctioneers. This item ships from multiple locations. Your book may arrive from Roseburg,OR, La Vergne,TN. Paperback. Seller Inventory # 9783540581024