General equilibrium, overlapping generations models, and optimal growth theory / Truman F. Bewley.

Format:

Book

Author/Creator:

Bewley, Truman F. (Truman Fassett), 1941-

Language:

English

Subjects (All):

Equilibrium (Economics)--Textbooks.

Equilibrium (Economics).

Econometric models--Textbooks.

Econometric models.

Economic development--Mathematical models--Textbooks.

Economic development.

Physical Description:

vii, 602 p. : ill.

Edition:

1st ed.

Place of Publication:

Cambridge, Mass. : Harvard University Press, 2007.

Language Note:

English

Summary:

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.

Contents:

Frontmatter

Contents

Acknowledgments

1. Why Study General Equilibrium?

2. The General Equilibrium Model

3. Economic Efficiency

4. Competitive Equilibrium

5. The Welfare Theorems

6. The Kuhn-Tucker Approach to General Equilibrium Theory

7. Arrow-Debreu Equilibrium

8. Rational Expectations Equilibrium and the Permanent Income Hypothesis

9. Samuelson's Overlapping Generations Model

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

11. A Critical Assessment

References

Index

Notes:

Bibliographic Level Mode of Issuance: Monograph

Includes bibliographical references (p. [593]-596) and index.

ISBN:

9780674262027

0674262026

9780674020924

0674020928

OCLC:

1013946980