General Equilibrium and Welfare

by Pablo Coto-Millán

Overview

In this book the reader is provided with an overview of the most interesting ideas in Competitive General Equilibrium Theory as well as Welfare Economy. In doing so, the author adopts a methodological approach of a closed and inter-related system where all variables are simultaneously determined. By using theorems of fixed point, revealed preference and local and global stability, the author proves the existence of unicity and stability. Furthermore, he analyses those situations where the competitive system does not allocate resources efficiently. In this sense, he examines allocation problems in regard to property rights, information problems and choice and negotiation problems. Finally, the text includes a chapter that presents a topical guide of questions related to Social Choice.

Product Details

ISBN-13:	9783642500091
Publisher:	Physica
Publication date:	04/17/2013
Series:	Contributions to Economics
Sold by:	Barnes & Noble
Format:	eBook
File size:	10 MB

Table of Contents

1 General Equilibrium.- 2 Other Models of General Equilibrium.- 3 General Equilibrium and Main Functional Forms of Utility and Production.- 4 Computable General Equilibrium.- 5 Welfare.- 6 Social Choice and Individual Freedom: A Thematic Guide.