General equilibrium theory of value / Yves Balasko.

Format:

Book

Author/Creator:

Balasko, Yves.

Language:

English

Subjects (All):

Value.

Equilibrium (Economics).

Physical Description:

1 online resource (192 p.)

Edition:

Course Book

Place of Publication:

Princeton : Princeton University Press, 2011.

Language Note:

English

Summary:

"The concept of general equilibrium, one of the central components of economic theory, explains the behavior of supply, demand, and prices by showing that supply and demand exist in balance through pricing mechanisms. The mathematical tools and properties for this theory have developed over time to accommodate and incorporate developments in economic theory, from multiple markets and economic agents to theories of production.Yves Balasko offers an extensive, up-to-date look at the standard theory of general equilibrium, to which he has been a major contributor. This book explains how the equilibrium manifold approach can be usefully applied to the general equilibrium model, from basic consumer theory and exchange economies to models with private ownership of production. Balasko examines properties of the standard general equilibrium model that are beyond traditional existence and optimality. He applies the theory of smooth manifolds and mappings to the multiplicity of equilibrium solutions and related discontinuities of market prices. The economic concepts and differential topology methods presented in this book are accessible, clear, and relevant, and no prior knowledge of economic theory is necessary.The General Equilibrium Theory of Value offers a comprehensive foundation for the most current models of economic theory and is ideally suited for graduate economics students, advanced undergraduates in mathematics, and researchers in the field"-- Provided by publisher.

Contents:

Frontmatter

Contents

Preface

Chapter 1. Goods and Prices

Chapter 2. Preferences and Utility

Chapter 3. Demand Functions

Chapter 4. The Exchange Model

Chapter 5. The Equilibrium Manifold

Chapter 6. Applications of the Global Coordinate System

Chapter 7. The Broad Picture

Chapter 8. The Fine Picture

Chapter 9. Production with Decreasing Returns

Chapter 10. Equilibrium with Decreasing Returns

Chapter 11. Production with Constant Returns

Chapter 12. Equilibrium with Constant Returns

Postscript

Appendix A. Notation

Appendix B. Point-set Topology

Appendix C. Smooth Manifolds

Appendix D. Singularities of Smooth Maps

Appendix E. Convexity

Appendix F. Miscellany

References

Index

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

Description based on online resource; title from PDF title page (publisher's Web site, viewed 08. Jul 2019)

ISBN:

9786613163769

9781283163767

1283163764

9781400838912

1400838916

OCLC:

739051413