Indivisibilities: Microeconomic Theory with Respect to Indivisible Goods and Factors

by Hagen Bobzin

Overview

The analysis of this volume represents an attempt to apply modern mathematical techniques to the problems arising from large and significant indivisibilities. While the classical microeconomic theory refers to assumptions about the convexity of production sets and consumer preferences, this book directs the attention to indivisible commodities. It investigates the influence of the assumed indivisibilities of factors and goods on the results of the microeconomic theory of the firm, the theory of the household and market theory.

Product Details

ISBN-13:	9783790811230
Publisher:	Physica-Verlag HD
Publication date:	08/13/1998
Series:	Contributions to Economics
Edition description:	Softcover reprint of the original 1st ed. 1998
Pages:	364
Product dimensions:	6.10(w) x 9.25(h) x 0.03(d)

Table of Contents

I. Microeconomic Theory with Respect to Indivisibilities.- II. Microeconomic Foundations.- 1 Axiomatic Characterization of Individual Economic Agents.- 2 Theory of the Firm.- 3 Summary.- 4 Appendix.- III. Microeconomic Theory of Individual Agents.- 1 The Cost Structure of a Firm.- 2 Alternative Representation of the Finn’s Cost Structure.- 3 Optimal Activities in the Theory of the Household.- IV. Theory of Market Equilibria.- 1 The Problem of General Equilibria.- 2 Existence of Competitive Equilibria.- 3 Generalization of the Model of an Exchange Economy.- V. Critique.- Mathematical Appendix.- Tables.- References.