+612 9045 4394
 
CHECKOUT
Imperfect General Equilibrium : The Economy As an Evolutionary Process - Individualistic, Discrete, Deterministic : Lecture Notes in Artificial Intelligence - Pier C. Nicola

Imperfect General Equilibrium : The Economy As an Evolutionary Process - Individualistic, Discrete, Deterministic

Lecture Notes in Artificial Intelligence

Paperback

Ships: 5 to 9 business days
5 to 9 business days
$181.25
or 4 easy payments of $45.31 with Learn more

The topic of this book is a temporary general disequilibrium with prices chosen by firms, rationing implemented by firms; taxes, public goods and "flat" money issued by a Public Authority. A special feature are the illustrations of time paths for prices and quantities.
This monograph presents a new look at general disequilibrium analysis in calendar time and provides the proof that the economy behaves orderly even without auctioneers.

1 Meaningful Elements of Economic Thought.- 1.1 Some Predecessors.- 1.2 Walras and Associates.- 1.3 Modern Competitive Theories.- 1.4 Temporary General Equilibrium.- 1.5 General non Competitive Equilibrium 14.- 1.6 Fixed Prices and Rationing.- 1.7 Game Theory and Market Forms.- 1.8 Sequential Equilibria and Rational Expectations.- 2 Introductory Examples.- 2.1 Summary of a One Period Walrasian Model.- 2.2 A "Vital Utility" Index.- 2.3 Numerical Experiments.- 2.3.1 Walrasian Equilibrium.- 2.3.2 Imperfect Equilibrium without Money.- 2.3.3 Imperfect Equilibrium with Money.- 2.4 Conclusion.- 3 Goods, Money, Public Administration.- 3.1 Goods.- 3.2 Money.- 3.3 Prices and Values.- 3.4 Labour.- 3.5 Public Goods and Public Administration.- 4 Firms.- 4.1 Preliminaries.- 4.2 The Firm.- 4.3 Present Choices.- 4.4 Intertemporal Decisions.- 4.5 Existence of an Optimal Program.- 4.6 Revising Decisions.- 4.7 Market Choices by Firms.- 5 Consumers.- 5.1 Preliminaries.- 5.2 Consumers.- 5.2.1 Young Consumers.- 5.2.2 Adult Consumers.- 5.2.3 Retired Consumers.- 5.3 Conclusion.- 6 Imperfect General Equilibrium.- 6.1 General Environment.- 6.2 The Network of Exchanges.- 6.3 Imperfect Temporary General Equilibrium.- 6.4 Updating Prices.- 7 Dynamics and Growth, Stationary Equilibria.- 7.1 Some Elements on Evolutionary Processes.- 7.2 Stationary Equilibria.- 7.3 Endogenous Cycles. Chaos.- 8 Numeric Simulations. Cycles and Quasi-Chaos.- 8.1 Society and the Computer.- 8.2 Main Features.- 8.3 Firms' Decisions.- 8.3.1 Current Decisions of Firms.- 8.3.2 Current Production of Firms.- 8.4 Labour Rationing.- 8.5 Consumers' Decisions.- 8.6 Effective Transactions.- 8.7 Updating Parameters in Calendar Time.- 9 Micro-Analysis versus Macro-Synthesis.- 9.1 Microeconomics and Macroeconomics.- 9.2 Aggregation.- 9.3 Aggregations in the Imperfect Model.- 9.3.1 Imperfect Aggregate Model without Money.- 9.3.2 Imperfect Aggregate Monetary Model.- 10 Epilogue.- A.1 Linear Spaces.- A.2 Topological Spaces and Metric Spaces.- A.3 Linear Topological Spaces.- A.4 Normed Spaces and Banach Spaces.- References.- Name Index.

ISBN: 9783540581024
ISBN-10: 3540581022
Series: Lecture Notes in Artificial Intelligence
Audience: General
Format: Paperback
Language: English
Number Of Pages: 167
Publisher: SPRINGER VERLAG GMBH
Country of Publication: DE
Dimensions (cm): 23.39 x 15.6  x 1.02
Weight (kg): 0.27