Editors:
- Includes supplementary material: sn.pub/extras
Part of the book series: Studies in Economic Theory (ECON.THEORY, volume 25)
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Table of contents (20 chapters)
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Front Matter
About this book
Competition and efficiency is at the core of economic theory. This volume collects papers of leading scholars, which extend the conventional general equilibrium model in important ways: Efficiency and price regulation are studied when markets are incomplete and existence of equilibria in such settings is proven under very general preference assumptions. The model is extended to include geographical location choice, a commodity space incorporating manufacturing imprecision and preferences for club-membership, schools and firms. Inefficiencies arising from household externalities or group membership are evaluated. Core equivalence is shown for bargaining economies. The theory of risk aversion is extended and the relation between risk taking and wealth is experimentally investigated. Other topics include determinacy in OLG with cash-in-advance constraints, income distribution and democracy in OLG, learning in OLG and in games, optimal pricing of derivative securities, the impact of heterogeneity at the individual level for aggregate consumption, and adaptive contracting in view of uncertainty.
Editors and Affiliations
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Department of Economics, University of Copenhagen, Copenhagen K, Denmark
Christian Schultz
Bibliographic Information
Book Title: Institutions, Equilibria and Efficiency
Book Subtitle: Essays in Honor of Birgit Grodal
Editors: Christian Schultz, Karl Vind
Series Title: Studies in Economic Theory
DOI: https://doi.org/10.1007/3-540-28161-4
Publisher: Springer Berlin, Heidelberg
eBook Packages: Business and Economics, Economics and Finance (R0)
Copyright Information: Springer-Verlag Berlin Heidelberg 2006
Hardcover ISBN: 978-3-540-28160-3Published: 13 February 2006
Softcover ISBN: 978-3-642-06637-5Published: 12 February 2010
eBook ISBN: 978-3-540-28161-0Published: 22 April 2006
Series ISSN: 1431-8849
Series E-ISSN: 2196-9930
Edition Number: 1
Number of Pages: XII, 384
Number of Illustrations: 21 b/w illustrations
Topics: Economic Theory/Quantitative Economics/Mathematical Methods, Econometrics