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Differential Topology and General Equilibrium with Complete and Incomplete Markets

  • Antonio Villanacci
  • Laura Carosi
  • Pierluigi Benevieri
  • Andrea Battinelli

Table of contents

  1. Front Matter
    Pages i-xxxi
  2. I

    1. Front Matter
      Pages 1-1
    2. Antonio Villanacci, Laura Carosi, Pierluigi Benevieri, Andrea Battinelli
      Pages 3-27
    3. Antonio Villanacci, Laura Carosi, Pierluigi Benevieri, Andrea Battinelli
      Pages 29-48
    4. Antonio Villanacci, Laura Carosi, Pierluigi Benevieri, Andrea Battinelli
      Pages 49-78
    5. Antonio Villanacci, Laura Carosi, Pierluigi Benevieri, Andrea Battinelli
      Pages 79-106
    6. Antonio Villanacci, Laura Carosi, Pierluigi Benevieri, Andrea Battinelli
      Pages 107-132
    7. Antonio Villanacci, Laura Carosi, Pierluigi Benevieri, Andrea Battinelli
      Pages 133-158
    8. Antonio Villanacci, Laura Carosi, Pierluigi Benevieri, Andrea Battinelli
      Pages 159-204
  3. II

    1. Front Matter
      Pages 205-205
    2. Antonio Villanacci, Laura Carosi, Pierluigi Benevieri, Andrea Battinelli
      Pages 207-256
    3. Antonio Villanacci, Laura Carosi, Pierluigi Benevieri, Andrea Battinelli
      Pages 257-287
    4. Antonio Villanacci, Laura Carosi, Pierluigi Benevieri, Andrea Battinelli
      Pages 289-305
    5. Antonio Villanacci, Laura Carosi, Pierluigi Benevieri, Andrea Battinelli
      Pages 307-326
    6. Antonio Villanacci, Laura Carosi, Pierluigi Benevieri, Andrea Battinelli
      Pages 327-354
    7. Antonio Villanacci, Laura Carosi, Pierluigi Benevieri, Andrea Battinelli
      Pages 355-393
    8. Antonio Villanacci, Laura Carosi, Pierluigi Benevieri, Andrea Battinelli
      Pages 395-415
    9. Antonio Villanacci, Laura Carosi, Pierluigi Benevieri, Andrea Battinelli
      Pages 417-460
  4. Back Matter
    Pages 461-473

About this book

Introduction

General equilibrium In this book we try to cope with the challenging task of reviewing the so called general equilibrium model and of discussing one specific aspect of the approach underlying it, namely, market completeness. With the denomination "general equilibrium" (from now on in short GE) we shall mainly refer to two different things. On one hand, in particular when using the expression "GE approach", we shall refer to a long established methodolog­ ical tradition in building and developing economic models, which includes, as of today, an enormous amount of contributions, ranging in number by several 1 thousands • On the other hand, in particular when using the expression "stan­ dard differentiable GE model", we refer to a very specific version of economic model of exchange and production, to be presented in Chapters 8 and 9, and to be modified in Chapters 10 to 15. Such a version is certainly formulated within the GE approach, but it is generated by making several quite restrictive 2 assumptions • Even to list and review very shortly all the collective work which can be ascribed to the GE approach would be a formidable task for several coauthors in a lifetime perspective. The book instead intends to address just a single issue. Before providing an illustration of its main topic, we feel the obligation to say a word on the controversial character of GE. First of all, we should say that we identify the GE approach as being based 3 on three principles .

Keywords

agents differential topology efficiency equilibrium general equilibrium incomplete markets manifold production topology

Authors and affiliations

  • Antonio Villanacci
    • 1
  • Laura Carosi
    • 2
  • Pierluigi Benevieri
    • 1
  • Andrea Battinelli
    • 3
  1. 1.Università degli Studi di FirenzeItaly
  2. 2.Università degli Studi di PisaItaly
  3. 3.Università degli Studi di SienaItaly

Bibliographic information