ENGLISH

A Static Microeconomic Model of Pure Competition

By Dr. Christoph Klein (auth.)

Book information

Publisher
Springer-Verlag Berlin Heidelberg
Year
1988
ISBN
978-3-540-19358-6, 978-3-642-46639-7
DOI
10.1007/978-3-642-46639-7
Language
english
Format
PDF
Filesize
4 MB (4204947 bytes)
Series
Lecture Notes in Economics and Mathematical Systems 306
Edition
1
Pages
139\149
Orientation
yes
Scanned
yes
Time added
2013-08-01 04:00:00
Economic Theory; Statisticsgeneral

Description

This book studies a large economy. It deals with a static microeconomic model of an exchange market with pure competition. Instead of the sigma-additive theory, the finitely additive theory, the general Jordan content and the general Riemann integration are used respectively. By a specialized probability model, the author obtains a precise interpretation strictly based on microeconomic methods of measurement. In particular, the meaning of an agent and of a coalition is explained and the Core-Walras equivalence is deduced. The author elaborates an elementary representation by broken continuous functions and the classical Riemann integral. A conjecture concerning the reduction of the dynamical case onto generalized differential equations is added.

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