Economic Dynamics and General Equilibrium: Time and Uncertainty [Hardcover]

Anders Borglin (Author)

Book Description

Publication Date: January 22, 2004 | ISBN-10: 3540002650 | ISBN-13: 978-3540002659 | Edition: 1

The developments of economic theory in the 1950s served to pinpoint important underlying assumptions in the study of market institutions. The conflict between observed institutions and the benchmark interpretation became apparent. This led to the introduction of new equilibrium concepts. The emphasis was on the possibilities to transfer purchasing power over time using spot markets involving assets or money. This advanced textbook focuses on the developments in the theory of incomplete markets and overlapping generations economies where income transfers over time are restricted either by available assets or by the unfeasibility of contracts with unborn generations. It bridges the gap between standard textbooks on microeconomics and more advanced expositions. Contains diagrams, examples and exercises.

Product Details

• Hardcover: 408 pages
• Publisher: Springer; 1 edition (January 22, 2004)
• Language: English
• ISBN-10: 3540002650
• ISBN-13: 978-3540002659
• Product Dimensions: 9.4 x 6.5 x 1.1 inches
• Shipping Weight: 1.6 pounds (View shipping rates and policies)
• Amazon Best Sellers Rank: #4,049,409 in Books (See Top 100 in Books)

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