ENGLISH

Static and Dynamic Aspects of General Disequilibrium Theory

By P. Jean-Jacques Herings (auth.)

Book information

Publisher
Springer US
Year
1996
ISBN
978-1-4613-7868-6, 978-1-4615-6251-1
DOI
10.1007/978-1-4615-6251-1
Language
english
Format
PDF
Filesize
14 MB (14235192 bytes)
Series
Theory and Decision Library 13
Edition
1
Pages
508\508
Time added
2013-12-12 02:00:00
Economic Theory; Econometrics

Description

Mathematical economics uses mathematical tools and reasoning to describe and explain economic reality. At the core of mathematical economics is general equilibrium theory. Static and Dynamic Aspects of General Disequilibrium Theory describes and analyses various general equilibrium models, treating theory from an axiomatic point of view, which may lead to a deeper understanding of problems, may help to avoid incorrect reasoning, and may improve communication within the economic science. This volume consists of four parts, each of which is self-contained. Part I deals with the mathematical and economic preliminaries. Part II considers the static aspects of disequilibrium theory. Part III determines price rigidities endogenously. Finally, Part IV deals with dynamic aspects of disequilibrium theory.

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