Amsterdam : North-Holland Publishing Comp., 1999. Paperback. 326 pp. (Verhandelingen / Koninklijke Nederlandse Akademie van Wetenschappen, Afd. Letterkunde ; Nieuwe reeks, deel 177). - Proceedings of the colloquium 'Theory of markets and their functioning', Amsterdam, 1-3 July 1998. Condition : new copy. ISBN 9780444858245. Keywords : ECONOMICS,

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Bibliographic Details

Title: The Theory of Markets : proceedings of the colloquium 'Theory of markets and their functioning', Amsterdam, 1-3 July 1998.
Publisher: Royal Netherlands Academy of
Publication Date: 1999
Language: English
ISBN 10: 0444858245
ISBN 13: 9780444858245
Binding: Soft cover
Condition: new

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Synopsis

Paperback. A central question in economic theory is how markets operate and whether markets function at all in allocating scarce commodities and resources. The book addresses the following questions. Is an equilibrium reached in a de-centralized economy, and if so, what type of equilibrium, what happens if price formation is subject to rigidities, what are the consequences of missing markets, for example for future commodities, which markets evolve in case of bounded rationality, incomplete information and externalities, how to regulate markets, and how does monetary policy affect the functioning of markets.

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