Description
Book SynopsisThe economic theory of general equilibrium underpins the most important models used in economic theory in general and in its more specialized areas such as macroeconomics, international trade, environmental economics, growth theory, and developmental economics. In Foundations of the Theory of General Equilibrium, leading academic scholar, Yves Balasko offers a good introduction to the economic theory of general equilibrium and makes use of various mathematical tools as intuitive and easy as possible. The second half of the book addresses properties of the general equilibrium model that are still at the frontier of current research. These properties deal with the characterization of economies with a unique equilibrium and, more generally, with the relationships between the number of equilibria and the fundamentals of an economy.
Table of ContentsConsumer Theory; Preferences; Demand Functions; Weak Axiom of Revealed Preferences; Slutsky Matrix; Equilibrium Manifold; Local and Global Structure; No-trade Equilibria; Path Connectedness; Natural Projection; Differentiability; Properness; Critical Equilibria; Singular and Regular Economies; Envelope Theory; Set of Singular Economies as an Envelope; Dual Approach to Equilibrium Analysis; Set of Price-income Equilibria; Uniqueness and Multiplicity of Equilibria;
