{"product_id":"general-equilibrium-overlapping-generations-models-and-optimal-growth-theory-9780674022881","title":"General Equilibrium Overlapping Generations","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eThis book presents general equilibrium theory for advanced undergraduate and graduate-level economics students. It discusses economic efficiency, competitive equilibrium, the welfare theorems, the Kuhn-Tucker approach to general equilibrium, the Arrow-Debreu model, and rational expectations equilibrium and the permanent income hypothesis.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e* Acknowledgments  1. Why Study General Equilibrium?  2. The General Equilibrium Model  \t* Commodities \t* Allocations \t* Utility Functions \t* Economies  3. Economic Efficiency  \t* Definition of Pareto Optimality \t* Existence of Pareto Optimal Allocations; The Bolzano-Weierstrass Theorem \t* The Utility Possibility Frontier \t* The Calculation of Pareto Optima; Homogeneous Functions \t* Pareto Optimality and Optimality: Minkowski's Separation Theorem \t* The Structure of the Utility Possibility Frontier \t* Compactness of the Set of Feasible Allocations \t* Problem Set  4. Competitive Equilibrium  \t* The Definition of Competitive Equilibrium \t* Properties of Market Excess Demand and Equilibrium \t* Offer Curves \t* Equilibrium with Constant Returns to Scale \t* Computation of Competitive Equilibrium in Simple Examples \t* Aggregate Input-Output Possibility Sets \t* An Incomplete Theorem on the Existence of Equilibrium \t* A Complete Theorem on the Existence of Equilibrium \t* An Example of Discontinuous Behavior of Equilibria \t* Problem Set  5. The Welfare Theorems  \t* The FirstWelfare Theorem \t* The SecondWelfare Theorem \t* Another Complete Theorem on the Existence of Equilibrium \t* Problem Set  6. The Kuhn-Tucker Approach to General Equilibrium Theory  \t* Kuhn-Tucker Theorem \t* Kuhn-Tucker Coefficients \t* The Kuhn-Tucker Interpretation of Competitive Equilibrium \t* The Differentiable Case \t* Proof of the Kuhn-Tucker Theorem \t* Problem Set  7. Arrow-Debreu Equilibrium  \t* The Arrow-Debreu Model \t* Arrow Equilibrium \t* Insurance  \t* Incomplete Markets and the Definition of Profit Maximization \t* Problem Set  8. Rational Expectations Equilibrium and the Permanent Income Hypothesis  \t* The Permanent Income Hypothesis \t* Rational Expectations Equilibrium \t* Short-Run Equilibrium \t* Consumer Surplus \t* The Stability of Short-Run Equilibrium \t* Problem Set  9. Samuelson's Overlapping Generations Model  \t* Overlapping Generations with a Finite Time Horizon \t* Inefficiency with an Infinite Horizon \t* Pareto Optimal Equilibria \t* Stationary Discounted Optima and Equilibria \t* Nonuniqueness of Equilibrium \t* Discounted Optimality and Equilibrium \t* Undiscounted Optimality and Equilibrium \t* Uniqueness of Optimal Allocations \t* Existence of Optimal Allocations \t* Problem Set  10. The One-Sector Growth and Diamond Overlapping Generations Models  \t* The One-Sector Diamond and Optimal Growth Models \t* Inefficiency \t* Pareto Optimal Equilibria \t* Stationary Discounted Optima and Equilibria \t* Social Security \t* Population Growth \t* Discounted Optimal and Equilibrium Allocations \t* Discounted Optimal and Equilibrium Programs \t* Program Efficiency and the Hahn Problem \t* Euler's Equation \t* Policy Functions and the Value Function \t* The Turnpike Theorem \t* Equilibrium, Optimality, and the Turnpike Theorem in the Undiscounted Case \t* Existence of Optimal Allocations and Programs \t* Problem Set  11. A Critical Assessment  \t* References \t* Index","brand":"Harvard University Press","offers":[{"title":"Default Title","offer_id":51359089361239,"sku":"9780674022881","price":999.99,"currency_code":"GBP","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780674022881.jpg?v=1754123539","url":"https:\/\/bookcurl.com\/products\/general-equilibrium-overlapping-generations-models-and-optimal-growth-theory-9780674022881","provider":"Book Curl","version":"1.0","type":"link"}