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Hierarchically Structured Economies
Willy Spanjers
€ 127.95
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Description for Hierarchically Structured Economies
Paperback. Series: Theory and Decision Library C. Num Pages: 190 pages, biography. BIC Classification: KCA; KCC. Category: (P) Professional & Vocational. Dimension: 234 x 156 x 10. Weight in Grams: 485.
In six chapters this book introduces a micro-economic model where trade takes place through a stable structure of bilateral exchange institutions.The main problem in such models is that, for well-known equilibrium concepts, equilibrium may fail to exist in the corresponding game. In this work an adaptation of such models - hierarchically structured economies - is introduced. The possibilities and limitations of the use of the concept of subgame perfect equilibrium within the context of this kind of models is discussed. Furthermore, it is shown that some well-known market forms, viz. Walrasian ... Read more
In six chapters this book introduces a micro-economic model where trade takes place through a stable structure of bilateral exchange institutions.The main problem in such models is that, for well-known equilibrium concepts, equilibrium may fail to exist in the corresponding game. In this work an adaptation of such models - hierarchically structured economies - is introduced. The possibilities and limitations of the use of the concept of subgame perfect equilibrium within the context of this kind of models is discussed. Furthermore, it is shown that some well-known market forms, viz. Walrasian ... Read more
Product Details
Format
Paperback
Publication date
2010
Publisher
Springer-Verlag New York Inc. United States
Number of pages
190
Condition
New
Series
Theory and Decision Library C
Number of Pages
182
Place of Publication
New York, NY, United States
ISBN
9781441947710
SKU
V9781441947710
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
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