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Die neoklassische Allgemeine Gleichgewichtstheorie vom Malinvaud-Arrow-Debreu Typ und die von Sraffas "Warenproduktion … mittels Waren" inspirierte klassische Theorie des allgemeinen Gleichgewichts der Produktion haben das gleiche Erkenntnisobjekt … paradigmatischen Ansätze unterscheiden sich jedoch hinsichtlich der Theorie zur Erklärung der zentralen ökonomischen Variablen und …
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This chapter reviews the theory of the voluntary public and private redistribution of wealth elaborated by economic … analysis in the last forty years or so. The central object of the theory is altruistic gift-giving, construed as benevolent … voluntary redistribution of income or wealth. The theory concentrates on lump-sum voluntary transfers, individual or collective …
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The present paper considers a class of general equilibrium economics when the primitive uncertainty model features uncertainty about continuous-time volatility. This requires a set of mutually singular priors, which do not share the same null sets. For this setting we introduce an appropriate...
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A competitive market mechanism is a prominent example of a nonbinary social choice rule, typically defined for a special class of economic environments in which each social state is an economic allocation of private goods, and individuals’ preferences concern only their own personal...
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