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General Equilibrium with Price-Making Firms
Marschak, T.; Selten, Reinhard
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Description for General Equilibrium with Price-Making Firms
paperback. Series: Lecture Notes in Economics and Mathematical Systems. Num Pages: 258 pages, biography. Category: (P) Professional & Vocational. Dimension: 244 x 170 x 13. Weight in Grams: 454.
Motivation. That elegant fiction the competitive equilibrium seems still to dominate the frontiers of theoretical microeconomics. We may think of it in a general way as a state of affairs wherein economic agents, responding "rationally" to annoWlced prices, make choices which are consistent and feasible. The prices may also be described as "taken": for one reason or another the agents who respond to them consider them as given. The existence of such a state, its optimality, its robustness against free bargaining among agents when there are many of them, its Wliqueness, its stability when price displacements evoke specified adjustments--all these ... Read more
Motivation. That elegant fiction the competitive equilibrium seems still to dominate the frontiers of theoretical microeconomics. We may think of it in a general way as a state of affairs wherein economic agents, responding "rationally" to annoWlced prices, make choices which are consistent and feasible. The prices may also be described as "taken": for one reason or another the agents who respond to them consider them as given. The existence of such a state, its optimality, its robustness against free bargaining among agents when there are many of them, its Wliqueness, its stability when price displacements evoke specified adjustments--all these ... Read more
Product Details
Format
Paperback
Publication date
1974
Publisher
Springer Germany
Number of pages
258
Condition
New
Series
Lecture Notes in Economics and Mathematical Systems
Number of Pages
247
Place of Publication
Berlin, Germany
ISBN
9783540066248
SKU
V9783540066248
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
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