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Public Economics
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by
Gareth Myles
This textbook provides a thorough treatment of all the central topics in public economics. Aimed at senior undergraduate and graduate students, it will also be invaluable to professional economists and to those teaching in the field. The book is entirely self-contained, giving all the equilibrium theory and welfare economics needed to understand ...
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The Analytics of Uncertainty and Information
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by
Dr. Jack Hirsh, Jack Hirshleifer, John G Riley
Economists have always recognised that human endeavours are constrained by our limited and uncertain knowledge, but only recently has an accepted theory of uncertainty and information evolved. This theory has turned out to have surprisingly practical applications: for example in analysing stock market returns, in evaluating accident prevention ...
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Fabricating the Keynesian Revolution: Studies of the Inter-War Literature on Money, the Cycle, and Unemployment
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by
David Laidler, Craufurd Goodwin (Editor)
Examining the emergence, in the inter-war years, of what came to be called 'Keynesian macroeconomics'. This study accepts the novelty of the latter, as represented by the IS-LM model, which in various forms came to dominate the sub-discipline for three decades. It argues, however, that this model did not represent a radical change in economic ...
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Strategies and Games: Theory and Practice
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by
Prajit K Dutta
Provides both a theoretical treatment of game theory and a variety of real-world applications, primarily in economics but also in business, political science and the law. The book is divided into three parts: strategic form games and their applications; extensive form games and their applications; and asymmetric information games and their ...
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Competitive equilibrium theory and applications
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by
Ellickson
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 ...
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Business Cycles and Equilibrium
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by
Fischer Black
This book offers an updated look at what Fischer Black's ideas on business cycles and equilibrium mean today. Throughout his career, Fischer Black described a view of business fluctuations based on the idea that a well-developed economy will be continually in equilibrium. In the essays that constitute this book, which is one of only two books ...
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Classical General Equilibrium Theory
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by
Lionel W McKenzie
Although general equilibrium theory originated in the late nineteenth century, modern elaboration and development of the theory began in the 1930s and 1940s. This book focuses on the version of the theory developed in the 1950s and 1960s, referred to by Lionel McKenzie as classical general equilibrium theory, which has formed the basis for many ...
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Dynamic Macroeconomic Analysis: Theory and Policy in General Equilibrium
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by
Jagjit S Chadha (Editor), Sumru Altug (Editor), Charles Nolan (Editor)
Dynamic stochastic general equilibrium (DSGE) models have begun to dominate the field of macroeconomic theory and policy-making. These models describe the evolution of macroeconomic activity as a recursive sequence of outcomes based upon the optimal decision rules of rational households, firms and policy-makers. Whilst posing a micro-founded ...
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Handbook of Computational Economics
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by
Hans M Amman, D a Kendrick (Editor), J Rust (Editor)
The aim of this volume is to provide an introduction and selective overview of the rapidly emerging field of computational economics. Computational economics provides an important set of tools that an increasing number of economists will need to acquire in order to understand and do state-of-the-art research in virtually all areas of economics. ...
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Strategic Foundations of General Equilibrium: Dynamic Matching and Bargaining Games
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by
Douglas Gale
The theory of competition has held a central place in economic analysis since Adam Smith. This book, written by one of the most distinguished of contemporary economic theorists, reports on a major research program to provide strategic foundations for the theory of perfect competition. Beginning with a concise survey of how the theory of ...
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Underemployment Equilibria: Essays in Theory, Econometrics and Policy
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by
Jacques H Dreze
This book is a selection of Jacques Dreze's work over the last decade on the topics of lasting unemployment, stagflation and unused capacity. At the theoretical level, the author has contributed to the formulation and analysis of general equilibrium models which allow for price rigidities and excess supply and lend themselves to econometric ...
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Nonparametric Comparative Statics and Stability
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by
Douglas Hale, John Maybee, George Lady
The authors, leading researchers in the fields of mathematical economics and methodology, present the first comprehensive synthesis of literature on qualitative and other nonparametric techniques, which are important elements of comparative statics and stability analysis in economic theory. The topics covered show how to assess the comparative ...
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The Cooperative Nature of the Firm
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by
Tatsuro Ichiishi
This book is an analysis of the modern economy's two major resource allocation mechanisms. The price mechanism has been subject to extensive examination by neoclassical economists, but there has been relatively little attention paid to the impact of the organization of firms on allocation. Professor Ichiishi presents a distinctive theory of the ...
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A Theory of Adaptive Economic Behavior
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by
John G Cross
This book develops dynamic economic models using the perspective and analytic framework provided by psychological learning theory. This framework is used to resolve apparent contradictions between optimization theory, which lies at the heart of all modern economic theory, and day-to-day evidence that short-run economic behaviour cannot reasonably ...
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Economic Theory and Global Warming
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by
Hirofumi Uzawa
In this book, Professor Uzawa modifies and extends the theoretical premises of orthodox economic theory to those broad enough to be capable of analyzing the phenomena related to environmental disequilibrium, particularly global warming, and of finding institutional arrangements and policy measures that may bring about a more optimal state where ...
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General Equilibrium Analysis: A Micro-Economic Text
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by
Melvyn B Krauss
This is a new kind of textbook in microeconomic theory. In place of the usual concentration on partial equilibrium analysis and discussion of a standard series of topics, the authors seek to introduce the student from the start to the general equilibrium approach to microeconomics, in the form of the two-sector model. This model is then applied to ...
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Post Walrasian Macroeconomics: Beyond the Dynamic Stochastic General Equilibrium Model
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by
David Colander (Editor)
Macroeconomics is evolving in an almost dialectic fashion. The latest evolution is the development of a new synthesis that combines insights of new classical, new Keynesian and real business cycle traditions into a dynamic, stochastic general equilibrium (DSGE) model that serves as a foundation for thinking about macro policy. That new synthesis ...
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Economics and the Theory of Games
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by
Fernando Vega-Redondo
This textbook offers a systematic, self-contained account of the main contributions of modern game theory and its applications to economics. Starting with a detailed description of how to model strategic situations, the discussion proceeds by studying basic solution concepts, their main refinements, games played under incomplete information, and ...
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Equilibrium Business Cycle Theory in Historical Perspective
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by
Kim Kyun, Craufurd Goodwin (Editor)
This book presents a historical investigation of the theoretical development of contemporary Equilibrium Business Cycle Theory (EBCT). The author examines the central features of the EBCT by tracing both the history of business cycle theory and the history of econometrics. These historical analyses make clear two central principles of the EBCT: ...
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Dynamic Macroeconomics: Instability, Fluctuations, and Growth in Monetary Economies
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by
Peter Flaschel, Willi Semmler, Reiner Franke
An attempt to revitalize the traditions of nonmarket clearing approaches to macroeconomics. Using tools from dynamic analysis, the text introduces a consistent, integrated framework for disequilibrium macroeconomic dynamics and explore its relationship to the competing equilibrium dynamics.
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Stability and Perfection of Nash Equilibria
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by
Eric Van Damme
This book discusses the main shortcomings of the classical solution concept from noncooperative game theory (that of Nash equilibria) and provides a comprehensive study of the more refined concepts (such as sequential, perfect, proper and stable equilibria) that have been introduced to overcome these drawbacks. The plausibility of the assumptions ...
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Cycles and Chaos in Economic Equilibrium
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by
Jess Benhabib (Editor)
In recent years economists have begun to use the techniques of non-linear dynamics to show that some apparently erratic and turbulent economic phenomena reflect subtle underlying patterns. How do cyclic and chaotic dynamics arise in economic models of equilibrium? How can empirical methods be used to detect nonlinearities and cyclic and chaotic ...
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The Fluttering Veil
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by
Leland B Yeager, George A Selgin (Introduction by)
Money's unique and essential role in a free market and monetary disequilibrium as the root cause of the business cycle are principles central to the work of economist Leland Yeager. For three decades he has extolled the pre-eminent importance of money as a source of economic fluctuations whose influence goes well beyond mere changes in interest ...
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General Equilibrium Theory: An Introduction
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by
Ross M Starr
General Equilibrium Theory: An Introduction treats the classic Arrow-Debreu general equilibrium model in a form accessible to graduate students and advanced undergraduates in economics and mathematics. Topics covered include mathematical preliminaries, households and firms, existence of general equilibrium, Pareto efficiency of general equilibrium ...
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Evolution, Games, and Economic Behaviour
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by
Fernando Vega-Redondo (Editor)
This textbook for advanced undergraduate and postgraduate students of Evolutionary Game Theory covers recent developments in the field, with an emphasis on economic contexts and applications. It begind with the basic ideas as they originated within the field of theoretical biology and then proceeds to the formulation of a theoretical framework ...
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