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General Equilibrium, Overlapping Generations Models, and Optimal Growth Theory
Truman F. Bewley
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Description for General Equilibrium, Overlapping Generations Models, and Optimal Growth Theory
Hardback. Presents an exposition of general equilibrium theory for advanced undergraduate and graduate-level students of economics. This book contains detailed discussions of economic efficiency, competitive equilibrium, the first and second welfare theorems, the Kuhn-Tucker approach to general equilibrium, the Arrow-Debreu model, and more. Num Pages: 624 pages, 138 line illustrations. BIC Classification: KCB. Category: (P) Professional & Vocational. Dimension: 245 x 173 x 43. Weight in Grams: 1048.
This book presents an original exposition of general equilibrium theory for advanced undergraduate and graduate-level students of economics. It contains detailed discussions of economic efficiency, competitive equilibrium, the first and second welfare theorems, the Kuhn-Tucker approach to general equilibrium, the Arrow-Debreu model, and rational expectations equilibrium and the permanent income hypothesis. Truman Bewley also treats optimal growth and overlapping generations models as special cases of the general equilibrium model. He uses the model and the first and second welfare theorems to explain the main ideas of insurance, capital theory, growth theory, and social security. It enables him to present a ... Read more
This book presents an original exposition of general equilibrium theory for advanced undergraduate and graduate-level students of economics. It contains detailed discussions of economic efficiency, competitive equilibrium, the first and second welfare theorems, the Kuhn-Tucker approach to general equilibrium, the Arrow-Debreu model, and rational expectations equilibrium and the permanent income hypothesis. Truman Bewley also treats optimal growth and overlapping generations models as special cases of the general equilibrium model. He uses the model and the first and second welfare theorems to explain the main ideas of insurance, capital theory, growth theory, and social security. It enables him to present a ... Read more
Product Details
Format
Hardback
Publication date
2007
Publisher
Harvard University Press United States
Number of pages
624
Condition
New
Number of Pages
614
Place of Publication
Cambridge, Mass, United States
ISBN
9780674022881
SKU
V9780674022881
Shipping Time
Usually ships in 7 to 11 working days
Ref
99-1
About Truman F. Bewley
Truman F. Bewley is Alfred Cowles Professor of Economics at Yale University.
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