Institutions Equilibria and Efficiency is popular PDF and ePub book, written by Christian Schultz in 2006-04-22, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Institutions Equilibria and Efficiency can be Read Online from any device for your convenience.
Institutions Equilibria and Efficiency Book PDF Summary
Competition and efficiency is at the core of economic theory. This volume collects papers of leading scholars, which extend the conventional general equilibrium model in important ways: Efficiency and price regulation are studied when markets are incomplete and existence of equilibria in such settings is proven under very general preference assumptions. The model is extended to include geographical location choice, a commodity space incorporating manufacturing imprecision and preferences for club-membership, schools and firms. Inefficiencies arising from household externalities or group membership are evaluated. Core equivalence is shown for bargaining economies. The theory of risk aversion is extended and the relation between risk taking and wealth is experimentally investigated. Other topics include determinacy in OLG with cash-in-advance constraints, income distribution and democracy in OLG, learning in OLG and in games, optimal pricing of derivative securities, the impact of heterogeneity at the individual level for aggregate consumption, and adaptive contracting in view of uncertainty.
Detail Book of Institutions Equilibria and Efficiency PDF
- Author : Christian Schultz
- Release : 22 April 2006
- Publisher : Springer Science & Business Media
- ISBN : 9783540281610
- Genre : Business & Economics
- Total Page : 380 pages
- Language : English
- PDF File Size : 8,6 Mb
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