Institutions, Equilibria and Efficiency: Essays in Honor of Birgit Grodal
Publikation: Bog/antologi/afhandling/rapport › Antologi › Forskning › fagfællebedømt
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Institutions, Equilibria and Efficiency : Essays in Honor of Birgit Grodal. / Schultz, Christian (Redaktør); Vind, Karl (Redaktør).
Berlin : Springer, 2006. 383 s. (Studies in Economic Theory; Nr. 25).Publikation: Bog/antologi/afhandling/rapport › Antologi › Forskning › fagfællebedømt
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TY - BOOK
T1 - Institutions, Equilibria and Efficiency
T2 - Essays in Honor of Birgit Grodal
A2 - Schultz, Christian
A2 - Vind, Karl
PY - 2006
Y1 - 2006
N2 - Competition and efficiency is at the core of economic theory. This volume collects papers of leading scholars, which extend the conventional general equilibrium model in important ways. Efficiency and price regulation are studied when markets are incomplete and existence of equilibria in such settings is proven under very general preference assumptions. The model is extended to include geographical location choice, a commodity space incorporating manufacturing imprecision and preferences for club-membership, schools and firms. Inefficiencies arising from household externalities or group membership are evaluated. Core equivalence is shown for bargaining economies. The theory of risk aversion is extended and the relation between risk taking and wealth is experimentally investigated. Other topics include: determinacy in OLG with cash-in-advance constraints, income distribution and democracy in OLG, learning in OLG and in games, optimal pricing of derivative securities, the impact of heterogeneity
AB - Competition and efficiency is at the core of economic theory. This volume collects papers of leading scholars, which extend the conventional general equilibrium model in important ways. Efficiency and price regulation are studied when markets are incomplete and existence of equilibria in such settings is proven under very general preference assumptions. The model is extended to include geographical location choice, a commodity space incorporating manufacturing imprecision and preferences for club-membership, schools and firms. Inefficiencies arising from household externalities or group membership are evaluated. Core equivalence is shown for bargaining economies. The theory of risk aversion is extended and the relation between risk taking and wealth is experimentally investigated. Other topics include: determinacy in OLG with cash-in-advance constraints, income distribution and democracy in OLG, learning in OLG and in games, optimal pricing of derivative securities, the impact of heterogeneity
M3 - Anthology
SN - 3540281606
T3 - Studies in Economic Theory
BT - Institutions, Equilibria and Efficiency
PB - Springer
CY - Berlin
ER -
ID: 312829