General Equilibrium, Overlapping Generations Models, and Optimal Growth Theory

General Equilibrium, Overlapping Generations Models, and Optimal Growth Theory
ISBN-10
0674020928
ISBN-13
9780674020924
Category
Business & Economics
Pages
614
Language
English
Published
2009-06-30
Publisher
Harvard University Press
Author
Truman F. Bewley

Description

This book presents an exposition of general equilibrium theory for advanced undergraduate and graduate-level students of economics. It contains discussions of 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. It presents a unified approach to portions of macro- as well as microeconomic theory and contains problems sets for most chapters.

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