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Economic Dynamics and General Equilibrium

Time and Uncertainty

By: Anders Borglin

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Hardcover | 26 November 2003

At a Glance

Hardcover
420 Pages

Dimensions(cm)
24.13 x 15.88 x 3.18

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This book grew out of the teaching and lecture notes for a course in "Dynamic Economics" given at Copenhagen University where it has been part of a combined study program in economics and mathematics since 1986. The subjects in the course have varied over time but a common theme has been the study of economies over time and under uncertainty in the form of incomplete markets and the overlapping generations model. When I took up a position at Lund University in 1996 Mich Tvede took over responsibility for the course and together we developed a large part of the material, which formed the basis for the present book. He has generously allowed me to use all of our common material. There is a considerable overlap between general equilibrium theory with incomplete markets (GEI), finance and macroeconomic theory, which sterns from the considerations of time and uncertainty, as can be seen from the splendid textbooks by LeRoy and Werner 2001], Pliska 1997] and the seminal work on GEI by Magill and Quinzee 1996], in partic- ular its "Historical Remarks" which off er a brilliant history of modern economic theory. The exposition here airns at making some of the results of GEI and on overlapping generations (OG) economies readily available to areader acquainted with economic theory at an upper undergraduate level.

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Non-Fiction Psychology Economics Economic Theory & Philosophy Accounting & Finance Finance Mathematics Applied Mathematics Econometrics

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Paperback

Published: 30th November 2010

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Time and Uncertainty in General Equilibrium Theory: Consumers and Economies
A Review
Economies over Time
Assets and Income Transfers
Economies with Uncertainty
Existence and Determinacy
Optimality and Incomplete Markets
Overlapping Generations Economies: Overlapping Generations Economies
Optimality in OG Economies
Stationary OG Economies
Global Dynamics
Fluctuations
Conclusions and Suggestions for Further Reading
Appendix: Some Calculus Results
Quadratic Forms and Bordered Matrices
Separation Theorem and Farkas' Lemma
Dynamical Systems
Table of Contents provided by Publisher. All Rights Reserved.

Economic Dynamics and General Equilibrium

Time and Uncertainty

At a Glance

Hardcover

Shipping

How to return your order

Defective items

You Can Find This Book In

Other Editions and Formats

Paperback

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