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Item Details
| Title:
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GENERAL EQUILIBRIUM THEORY
AN INTRODUCTION |
| By: |
Ross M. Starr |
| Format: |
Electronic book text |
| List price:
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£360.00 |
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We currently do not stock this item, please contact the publisher directly for
further information.
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| ISBN 10: |
1139174746 |
| ISBN 13: |
9781139174749 |
| Publisher: |
CAMBRIDGE UNIVERSITY PRESS |
| Pub. date: |
5 June, 2012 |
| Description: |
General Equilibrium Theory: An Introduction presents to students general equilibrium analysis. |
| Synopsis: |
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, the First and Second Fundamental Theorems of Welfare Economics, the core and core convergences, future markets over time and contingent commodity markets under uncertainty. Demand, supply, and excess demand appear first as (point-valued) functions, then optionally as (set-valued) correspondences. The mathematics presented (with elementary proofs of the theorems) includes a real analysis, the Brouwer fixed point theorem, and separating and supporting hyperplane theorems. Optional chapters introduce the existence of equilibrium with set-valued supply and demand, the mathematics of upper and lower hemicontinuous correspondences, and the Kakutani fixed point theorem. The treatment emphasizes clarity and accessibility to the student through use of examples and intuition. |
| Illustrations: |
43 b/w illus. |
| Publication: |
UK |
| Imprint: |
Cambridge University Press (Virtual Publishing) |
| Returns: |
Non-returnable |
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