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This book argues that the shift in general equilibrium theory, from its early long-period to the modern very-short-period versions, has had very important consequences which are insufficiently appreciated by large parts of the economics profession. This shift has produced new difficulties, and...
Persistent link: https://www.econbiz.de/10014474029
Kajii (1999), 'The Structure of Sunspot Equilibria: The Role of Multiplicity', Review of Economic Studies, 66 (3), July, 713-32 … S. Santos (1996), 'Competitive Equilibria for Infinite-Horizon Economies with Incomplete Markets', Journal of Economic … Markov Equilibria', Econometrica, 62 (4), July, 745-81 -- Felix Kubler and Karl Schmedders (2003), 'Stationary Equilibria in …
Persistent link: https://www.econbiz.de/10012420093
This original new book offers a comprehensive and engaging perspective on the theory of vertical differentiation. It enables the reader to grasp the key concepts and effects that product quality has both on firms' behaviour and market structure, and the ways in which this relationship has...
Persistent link: https://www.econbiz.de/10014474062
This major volume develops a rigorous equilibrium-free political economy based on labour values. Rooted in a non-dualistic approach restoring money to its central role in a commodity economy, Marx and Non-Equilibrium Economics is the fruit of extensive international collaboration reflecting a...
Persistent link: https://www.econbiz.de/10014473902
This important new book enhances our understanding of the dynamic interactions between economic activity, economic growth, pollution abatement and environmental policy. It addresses one main policy problem: how can the direct and indirect costs of environmental policy for multiple pollutants be...
Persistent link: https://www.econbiz.de/10014474004
Exposed to powerful new economic forces, and undergoing dramatic ownership reforms and technological changes, China's industries are modernizing at a breakneck pace. In many industries, the outcomes have been chaotic and poorly aligned with societal objectives. This book analyses the...
Persistent link: https://www.econbiz.de/10014474008
Persistent link: https://www.econbiz.de/10011851401
This book surveys how economists engage with knowledge and beliefs in various fields of economic analysis, such as general equilibrium theory, decision theory, game theory, experimental economics, evolutionary theory of the firm, financial markets and the history of economic thought
Persistent link: https://www.econbiz.de/10011851754
Persistent link: https://www.econbiz.de/10014473849
In Fiscal Policy and Social Welfare John Creedy examines alternative tax and transfer systems and their redistributive effects. Drawing on original research, this volume concentrates on modelling tax structures and their implications for social welfare and income distribution. After reviewing...
Persistent link: https://www.econbiz.de/10014473921