Monopolistic Competition and Effective Demand. (PSME-6)

Monopolistic Competition and Effective Demand. (PSME-6) PDF

Author: Hukukane Nikaido

Publisher: Princeton University Press

Published: 2015-03-08

Total Pages: 160

ISBN-13: 1400870542

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While traditional price theory has successfully elucidated national income distribution in a perfectly competitive economy, little is known today about the overall working of a noncompetitive economy. This book moves to remedy the imbalance by sketching a general equilibrium theory of a noncompetitive economy. Developing his theory in the world of the standard Leontief system, Hukukane Nikaido attempts to construct objective demand functions reflecting the interdependence of economic agents in the real world upon which the monopolist's control of prices or output ultimately depends. Originally published in 1975. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

General Equilibrium

General Equilibrium PDF

Author: Hayo Reinders

Publisher: Springer

Published: 1989-03-01

Total Pages: 357

ISBN-13: 1349198021

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This is an excerpt from the 4-volume dictionary of economics, a reference book which aims to define the subject of economics today. 1300 subject entries in the complete work cover the broad themes of economic theory. This extract concentrates on the topic of general equilibrium.

Competitive Equilibrium

Competitive Equilibrium PDF

Author: Bryan Ellickson

Publisher: Cambridge University Press

Published: 1993

Total Pages: 424

ISBN-13: 9780521319881

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The development of general equilibrium theory represents one of the greatest advances in economic analysis in the latter half of the twentieth century. This book, intended for advanced undergraduates and graduate students, provides a broad introduction to competitive equilibrium analysis with an emphasis on concrete applications. The first three chapters are introductory in nature, paving the way for the more advanced second half of the book. Relative to the competition, it is much more 'user friendly' while offering exceptionally broad coverage of topics. Well-designed and interesting applications help to make potentially abstract material more accessible. The book includes 92 illustrations and nearly 200 exercises.

Monopolistic Competition Theory

Monopolistic Competition Theory PDF

Author: Jan Keppler

Publisher:

Published: 1994

Total Pages: 240

ISBN-13:

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Economists such as Piero Sraffa, Joan Robinson, and Edward Chamberlin thus began to develop monopolistic competition theory in order to raise theory's empirical relevance as well as its analytical sharpness.

General Equilibrium with Price-Making Firms

General Equilibrium with Price-Making Firms PDF

Author: T. Marschak

Publisher: Springer Science & Business Media

Published: 2012-12-06

Total Pages: 257

ISBN-13: 3642658024

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Motivation. That elegant fiction the competitive equilibrium seems still to dominate the frontiers of theoretical microeconomics. We may think of it in a general way as a state of affairs wherein economic agents, responding "rationally" to annoWlced prices, make choices which are consistent and feasible. The prices may also be described as "taken": for one reason or another the agents who respond to them consider them as given. The existence of such a state, its optimality, its robustness against free bargaining among agents when there are many of them, its Wliqueness, its stability when price displacements evoke specified adjustments--all these issues have been studied, and continue to be studied in a variety of settings. Slowly the equilibrium investigated begins to incorporate public goods, externalities of certain kinds, differences in agents' information, and infinitely many time periods. The appeal of such results need not be belabored: the equilibrium studied may sustain an optimal resource allocation, and when it does it sus tains it in a manner that appears to be informationally efficient and to accord well with individual incentives. Therefore it is important to extend the circumstances under which an equilibrium exists, under which it sustains opti mality, and under which it survives displacements as well as free bargaining among agents.