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book: General Equilibrium, Overlapping Generations Models, and Optimal Growth Theory
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General Equilibrium, Overlapping Generations Models, and Optimal Growth Theory

Language: English
Published/Copyright: 2007

About this book

This 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.

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    Frontmatter

    i
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    Contents

    v
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    Acknowledgments

    ix
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    1. Why Study General Equilibrium?

    1
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    2. The General Equilibrium Model

    8
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    3. Economic Efficiency

    17
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    4. Competitive Equilibrium

    85
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    5. The Welfare Theorems

    160
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    6. The Kuhn-Tucker Approach to General Equilibrium Theory

    195
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    7. Arrow-Debreu Equilibrium

    229
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    8. Rational Expectations Equilibrium and the Permanent Income Hypothesis

    282
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    9. Samuelson’s Overlapping Generations Model

    360
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    10. The One-Sector Growth and Diamond Overlapping Generations Models

    449
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    11. A Critical Assessment

    590
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    References

    593
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    Index

    597
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Publishing information
Pages and Images/Illustrations in book
eBook published on:
July 1, 2009
eBook ISBN:
9780674020924
Pages and Images/Illustrations in book
Main content:
614
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https://doi.org/10.4159/9780674020924
eBook ISBN: 9780674020924
Audience(s) for this book
Professional and scholarly;
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