Computational Aspects of General Equilibrium Theory [electronic resource] : Refutable Theories of Value /
Brown, Donald.author.
Kubler, Felix.author.
This monograph presents a general equilibrium methodology for microeconomic policy analysis intended to serve as an alternative to the now classical, axiomatic general equilibrium theory as exposited in Debreus Theory of Value(1959) or Arrow and Hahns General Competitive Analysis(1971).The methodology proposed in this monograph does not presume the existence of market equilibrium, accepts the inherent indeterminancy of nonparametric general equlibrium models, and offers effective algorithms for computing counterfactual equilibria in these models.It consists of several essays written over the l
Description based upon print version of record.
This monograph presents a general equilibrium methodology for microeconomic policy analysis intended to serve as an alternative to the now classical, axiomatic general equilibrium theory as exposited in Debreus Theory of Value(1959) or Arrow and Hahns General Competitive Analysis(1971).The methodology proposed in this monograph does not presume the existence of market equilibrium, accepts the inherent indeterminancy of nonparametric general equlibrium models, and offers effective algorithms for computing counterfactual equilibria in these models.It consists of several essays written over the l
Includes bibliographical references.
Refutable Theories of Value -- Testable Restrictions on the Equilibrium Manifold -- Uniqueness, Stability, and Comparative Statics in Rationalizable Walrasian Markets -- The Nonparametric Approach to Applied Welfare Analysis -- Competition, Consumer Welfare, and the Social Cost of Monopoly -- Two Algorithms for Solving the Walrasian Equilibrium Inequalities -- Is Intertemporal Choice Theory Testable? -- Observable Restrictions of General Equilibrium Models with Financial Markets -- Approximate Generalizations and Computational Experiments -- Approximate Versus Exact Equilibria in Dynamic Economies -- Tame Topology and O-Minimal Structures.
Macroeconomics.
Economic theory.
Game theory.
Operations research.
Management science.
Application software.
Macroeconomics/Monetary Economics//Financial Economics.
Economic Theory/Quantitative Economics/Mathematical Methods.
Game Theory, Economics, Social and Behav. Sciences.
Operations Research, Management Science.
Computer Appl. in Social and Behavioral Sciences.
Lecture notes in economics and mathematical systems