Equilibrium Analysis: Variations on Themes by Edgeworth and Walras
North-Holland, 1988 - Business & Economics - 297 pages
Hardbound. This book has its origins in a previous volume by the same authors, Introduction to Equilibrium Analysis''. Within the context of the exchange economy two solutions or themes proposed by Walras and Edgeworth are developed. The first consists of finding those allocations obtained through the decentralization of the choices of individuals by prices. The second, of allocations which are not objected to coalitions by individuals. This volume should be suitable for final year undergraduate courses or for graduate students. A thorough understanding of the material treated here will be invaluable to the reader in appreciating the economic literature. In particular, he will learn to treat with caution many of the assertions found in that literature.
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Preface Chapter 1 Introduction
A Simple Example
Decentralization by Prices Walras
34 other sections not shown
adjustment agents allocation argument assume assumption balanced basic become belongs Bill bounded bread bundles called Chapter characteristics choice choose clear Clearly closed coalition commodity compact competitive complete concept consider contains continuous converging convex core core allocations correspondence curve defined definition denotes discuss distribution economy element equal equilibrium equilibrium price essential example excess demand function exchange economy exists fact Figure finite fixed give given Hence idea implies important improve income indifference individual limit look mathematical matrix means monotonic negative non-empty Note observe obtain particular positive preference relation price vector problem proof Proposition prove reader Recall redistribution require restricted result sequence shown simple solution space strictly subset Suppose theme Theorem unique unit utility function Walras Wine zero