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Static Microeconomic Model of Pure Competition : Lecture Notes in Economic and Mathematical Systems - Christoph Klein

Static Microeconomic Model of Pure Competition

Lecture Notes in Economic and Mathematical Systems

Paperback Published: June 1988
ISBN: 9783540193586
Number Of Pages: 139

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This book studies a large economy. It deals with a static microeconomic model of an exchange market with pure competition. Instead of the sigma-additive theory, the finitely additive theory, the general Jordan content and the general Riemann integration are used respectively. By a specialized probability model, the author obtains a precise interpretation strictly based on microeconomic methods of measurement. In particular, the meaning of an agent and of a coalition is explained and the Core-Walras equivalence is deduced. The author elaborates an elementary representation by broken continuous functions and the classical Riemann integral. A conjecture concerning the reduction of the dynamical case onto generalized differential equations is added.

Contents: Introduction.- The Deterministic Grounding of the Model: The Observation of a Set of Agents. The Observation of a Market.- The Replica Model: The Deterministic Replica Model. The Probabilistic Replica Model.- Core and Walras Allocations: The Definition of the Core. Walras Allocations. Core versus Walras Allocations.- Appendix.- References.- Subject Index.

ISBN: 9783540193586
ISBN-10: 3540193588
Series: Lecture Notes in Economic and Mathematical Systems
Audience: General
Format: Paperback
Language: English
Number Of Pages: 139
Published: June 1988
Publisher: Springer-Verlag Berlin and Heidelberg Gmbh & Co. Kg
Country of Publication: DE
Dimensions (cm): 24.41 x 16.99  x 0.84
Weight (kg): 0.26

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