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Optimality in Infinite Horizon Economies
Borglin, Anders; Peters Keiding, Hans
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Description for Optimality in Infinite Horizon Economies
Paperback. Series: Lecture Notes in Economics and Mathematical Systems. Num Pages: 188 pages, biography. BIC Classification: KCB; KCL; KCP. Category: (P) Professional & Vocational; (UP) Postgraduate, Research & Scholarly; (UU) Undergraduate. Dimension: 244 x 170 x 10. Weight in Grams: 341.
Modern welfare economics as it is known today to economists took its final shape with the emergence of the Arrow-Debreu model. The classical conjectures about the beneficient workings of markets together with the converse statement, that optimal (in the sense of Pareto) allocations may be sustained by prices and markets, has laid a firm foundation for further research in welfare economics. But more than that, it has inspired researchers to take up entirely new topics, notably by closer considerations of situations where the assumptions of the original model may seem overly restrictive. One of these new directions has been connected ... Read more
Modern welfare economics as it is known today to economists took its final shape with the emergence of the Arrow-Debreu model. The classical conjectures about the beneficient workings of markets together with the converse statement, that optimal (in the sense of Pareto) allocations may be sustained by prices and markets, has laid a firm foundation for further research in welfare economics. But more than that, it has inspired researchers to take up entirely new topics, notably by closer considerations of situations where the assumptions of the original model may seem overly restrictive. One of these new directions has been connected ... Read more
Product Details
Format
Paperback
Publication date
1986
Publisher
Springer-Verlag Berlin and Heidelberg GmbH & Co. KG Germany
Number of pages
188
Condition
New
Series
Lecture Notes in Economics and Mathematical Systems
Number of Pages
182
Place of Publication
Berlin, Germany
ISBN
9783540164753
SKU
V9783540164753
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
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