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Hierarchically Structured Economics
Willy Spanjers
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Description for Hierarchically Structured Economics
Hardback. Introduces a micro-economic model where trade takes place through a stable structure of bilateral exchange institutions. This work discusses the possibilities and limitations of the use of the concept of subgame perfect equilibrium within the context of these kind of models. Series: Theory and Decision Library. Num Pages: 190 pages, biography. BIC Classification: KCC. Category: (P) Professional & Vocational. Dimension: 235 x 155 x 12. Weight in Grams: 990.
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
Hardback
Publication date
1997
Publisher
Kluwer Academic Publishers United States
Number of pages
190
Condition
New
Series
Theory and Decision Library
Number of Pages
182
Place of Publication
Dordrecht, Netherlands
ISBN
9780792343981
SKU
V9780792343981
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
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