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This book grew out of the teaching and lecture notes for a course in "Dynamic Economics" given at Copenhagen University where it has been part of a combined study program in economics and mathematics since 1986. The subjects in the course have varied over time but a common theme has been the study of economies over time and under uncertainty in the form of incomplete markets and the overlapping generations model. When I took up a position at Lund University in 1996 Mich Tvede took over responsibility for the course and together we developed a large part of the material, which formed the basis for the present book. He has generously allowed me to use all of our common material. There is a considerable overlap between general equilibrium theory with incomplete markets (GEI), finance and macroeconomic theory, which sterns from the considerations of time and uncertainty, as can be seen from the splendid textbooks by LeRoy and Werner [2001], Pliska [1997] and the seminal work on GEI by Magill and Quinzee [1996], in partic ular its "Historical Remarks" which off er a brilliant history of modern economic theory. The exposition here airns at making some of the results of GEI and on overlapping generations (OG) economies readily available to areader acquainted with economic theory at an upper undergraduate level.
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Economic Dynamics and General Equilibrium: Time and Uncertainty
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Economic Dynamics and General Equilibrium
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Taschenbuch. Condition: Neu. This item is printed on demand - it takes 3-4 days longer - Neuware -The developmentsof economic theory in the 1950s served to pinpoint important underlying assumptions in the study of market institutions. The conflict between observed institutions and the benchmark interpretation became apparent. This led to the introduction of new equilibrium concepts. The emphasis was on the possibilities to transfer purchasing power over time using spot markets involving assets or money. This advanced textbook focuses on the developments in the theory of incomplete markets and overlapping generations economies where income transfers over time are restricted either by available assets or by the unfeasibility of contracts with unborn generations. It bridges the gap between standard textbooks on microeconomics and more advanced expositions. Contains diagrams, examples and exercises. 412 pp. Englisch. Seller Inventory # 9783642055409
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Economic Dynamics and General Equilibrium
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Condition: New. Dieser Artikel ist ein Print on Demand Artikel und wird nach Ihrer Bestellung fuer Sie gedruckt. Advanced textbook on economies overtime and under uncertaintyFirst book with a unified treatment of allocative efficiency and structure of equilibria for overlapping generations economiesWith diagrams, examples and excercisesThe . Seller Inventory # 5044676
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Economic Dynamics and General Equilibrium
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Taschenbuch. Condition: Neu. This item is printed on demand - Print on Demand Titel. Neuware -This book grew out of the teaching and lecture notes for a course in 'Dynamic Economics' given at Copenhagen University where it has been part of a combined study program in economics and mathematics since 1986. The subjects in the course have varied over time but a common theme has been the study of economies over time and under uncertainty in the form of incomplete markets and the overlapping generations model. When I took up a position at Lund University in 1996 Mich Tvede took over responsibility for the course and together we developed a large part of the material, which formed the basis for the present book. He has generously allowed me to use all of our common material. There is a considerable overlap between general equilibrium theory with incomplete markets (GEI), finance and macroeconomic theory, which sterns from the considerations of time and uncertainty, as can be seen from the splendid textbooks by LeRoy and Werner [2001], Pliska [1997] and the seminal work on GEI by Magill and Quinzee [1996], in partic ular its 'Historical Remarks' which off er a brilliant history of modern economic theory. The exposition here airns at making some of the results of GEI and on overlapping generations (OG) economies readily available to areader acquainted with economic theory at an upper undergraduate level.Springer Verlag GmbH, Tiergartenstr. 17, 69121 Heidelberg 412 pp. Englisch. Seller Inventory # 9783642055409
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