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citanna alessandro (curatore); donaldson john (curatore); polemarchakis h. (curatore); siconolfi paolo (curatore); spear stephen (curatore) - essays in dynamic general equilibrium theory

Essays in Dynamic General Equilibrium Theory Festschrift for David Cass

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Dettagli

Genere:Libro
Lingua: Inglese
Pubblicazione: 01/2005
Edizione: 2005





Trama

In the area of dynamic economics, David Cass’s work has spawned a number of important lines of research, including the study of dynamic general equilibrium theory, the concept of sunspot equilibria, and general equilibrium theory when markets are incomplete. Based on these contributions, this volume contains new developments in the field, written by Cass's students and co-authors.





Sommario

Monopoly Power and the Firm’s Valuation: A Dynamic Analysis of Short versus Long-Term Policies.- Revealed Intertemporal Ineffciency.- Volatility and Job Creation in the Knowledge Economy.- Existence of Sunspot Equilibria and Uniqueness of Spot Market Equilibria: The Case of Intrinsically Complete Markets.- Survival, Uncertainty, and Equilibrium Theory: An Exposition.- On Price-Taking Behavior in Asymmetric Information Economies.- Ambiguity aversion and the absence of indexed debt.- Sunspots, Indeterminacy and Pareto Inefficiency in Economies With Incomplete Markets.- Growth in Economies With Non Convexities: Sunspots and Lottery Equilibria, Theory and Examples.- Shaking the Tree: An Agency-Theoretic Model of Asset Pricing.- Central-Bank Interest-Rate Control in a Cashless, Arrow-Debreu Economy.










Altre Informazioni

ISBN:

9783540222675

Condizione: Nuovo
Collana: Studies in Economic Theory
Dimensioni: 235 x 155 mm Ø 1270 gr
Formato: Copertina rigida
Illustration Notes:IX, 273 p.
Pagine Arabe: 273
Pagine Romane: ix


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