ENGLISH

Computational Aspects of General Equilibrium Theory: Refutable Theories of Value

By Professor Donald Brown , Professor Felix Kubler (auth.)

Book information

Publisher
Springer-Verlag Berlin Heidelberg
Year
2008
ISBN
3540765905, 9783540765905
DOI
10.1007/978-3-540-76591-2
Language
english
Format
PDF
Filesize
1 MB (1449968 bytes)
Series
Lecture Notes in Economics and Mathematical Systems 604
Edition
1
Pages
204\204
Time added
2011-06-04 13:46:07
Economic Theory; Game Theory/Mathematical Methods;EconomicsMathematical Programming; Computer Appl. in SocialSocial and Behav. Sciences; Operations Research

Description

This monograph presents a general equilibrium methodology for microeconomic policy analysis. It is intended to serve as an alternative to the now classical, axiomatic general equilibrium theory as exposited in Debreu`s Theory of Value (1959) or Arrow and Hahn`s General Competitive Analysis (1971). The methodology proposed in this monograph does not presume the existence of market equilibrium, accepts the inherent indeterminancy of nonparametric general equlibrium models, and offers effective algorithms for computing counterfactual equilibria in these models. It consists of several essays written over the last decade, some with colleagues or former graduate students, and an appendix by Charles Steinhorn on the elements of O-minimal structures, the mathematical framework for our analysis.

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