Theory of General Economic Equilibrium

This book provides a comprehensive introduction to general equilibrium theory, covering the standard topics as well as the developments of the theory over the past fifty years. This ensures that the reader gains a thorough account of what has been established both in pure theory and in applications.In addition to the basic topics, this book elaborates on fields which are relevant but not mentioned frequently in this context. The material covered includes international trade, growth, finance and implementation, and it offers a broader view than what is usual in texts on general equilibrium theory. This book would make for suitable reading for undergraduate and graduate courses in macroeconomics.Contents: PrefaceIntroductionExchange EconomiesEconomies with ProductionWelfare Theorems and Market FailuresCooperative Game Theory and EquilibriaLarge EconomiesUniqueness and Stability of EquilibriaThe Equilibrium Manifold and Probabilistic Equilibrium TheoryGeneral Equilibrium and Imperfect CompetitionIncentives and Mechanisms in General EquilibriumMarket FailuresTime and General EquilibriumOverlapping Generations EconomiesUncertainty and General EquilibriumFinancial MarketsEconomies with Incomplete MarketsGeneral Equilibrium and MoneyBibliographyIndexReadership: Undergraduate and graduate students and lecturers of macroeconomics and mathematical economics.Product details Publisher: World Scientific Publishing Company (May 26, 2020) Publication Date: May 26, 2020