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...
Competition and efficiency is at the core of economic theory. This volume collects papers of leading scholars, which extend the conventional genera...
The work on this book started many years ago as an attempt to simplify and unify some results usually taught in courses in mathematical economics. The economic interpretation of the re- sults were representations of preferences as sums or integrals and the decomposition of preferences into utilities and probabilities. It later turned out that t.he approach taken in the earlier versions were also the proper approach in generalizing from preferences which were total preorders to preferences which were not total or tran- sitive. The same mathematics would even in that situation give...
The work on this book started many years ago as an attempt to simplify and unify some results usually taught in courses in mathematical economics. The...
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...
Competition and efficiency is at the core of economic theory. This volume collects papers of leading scholars, which extend the conventional genera...
