Computational Aspects of General Equilibrium Theory: Refutable Theories of Value

ISBN-13: 9783540765905 / Angielski / Miękka / 2008 / 204 str.

Donald Brown;Felix Kubler

Opis

This monograph presents a general equilibrium methodology for microeconomic policy analysis. It is intended to serve as an alternative to the now classical, axiomatic general equilibrium theory as exposited in Debreus Theory of Value (1959) or Arrow and Hahns General Competitive Analysis (1971). The monograph consists of several essays written over the last decade. It also contains an appendix by Charles Steinhorn on the elements of O-minimal structures.

Spis treści

Refutable Theories of Value.- Testable Restrictions on the Equilibrium Manifold.- Uniqueness, Stability, and Comparative Statics in Rationalizable Walrasian Markets.- The Nonparametric Approach to Applied Welfare Analysis.- Competition, Consumer Welfare, and the Social Cost of Monopoly.- Two Algorithms for Solving the Walrasian Equilibrium Inequalities.- Is Intertemporal Choice Theory Testable?.- Observable Restrictions of General Equilibrium Models with Financial Markets.- Approximate Generalizations and Computational Experiments.- Approximate Versus Exact Equilibria in Dynamic Economies.- Tame Topology and O-Minimal Structures.