Mathematical economics uses mathematical tools and reasoning to describe and explain economic reality. At the core of mathematical economics is general equilibrium theory. Static and Dynamic Aspects of General Disequilibrium Theory describes and analyses various general equilibrium models, treating theory from an axiomatic point of view, which may lead to a deeper understanding of problems, may help to avoid incorrect reasoning, and may improve communication within the economic science. This volume consists of four parts, each of which is self-contained. Part I deals with the mathematical and economic preliminaries. Part II considers the static aspects of disequilibrium theory. Part III determines price rigidities endogenously. Finally, Part IV deals with dynamic aspects of disequilibrium theory.
Static and dynamic aspects of general disequilibrium theory
In: Equilibrium and Disequilibrium in Economic Theory, ed. ... J. Kriens, Lecture Notes in Economics and Mathematical Systems 168, Springer, Berlin, pp. 1-72. ... In: Advanced Lectures in Quantitative Economics, ed. F. van der Ploeg, ...
This book provides a comprehensive overview of the fundamental concepts and principles of microeconomics.
Hart O. D 1975, On the Optimality of Equilibrium when the Market Structure is Incomplete, Journal of Economic Theory 11, 418-443. Herings P. J. J. (1996), Static and Dynamic Aspects of General Disequilibrium Theory, Boston Kluwer ...
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Bounded Rationality, Dynamic Oligopoly, and Conjectural Variations. ... Game Theory. MIT-press, Cambridge, Mass. Gale, J. , K.G. Binmore, and L. Samuelson (1995). ... Static and Dynamic Aspects of General Disequilibrium Theory.
theory. and. decision. library. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. ... Maastricht University, The Netherlands P .J.-J. Herings: Static and Dynamic Aspects of General Disequilibrium Theory.
[216] P. J.-J. Herings, Static and Dynamic Aspects of General Disequilibrium Theory, Kluwer Academic Publishers, Boston (MA), 1996. [217] I. N. Herstein, Some Mathematical Methods and Techniques in Economics, Quarterly of Applied ...
SERIES C: GAME THEORY, MATHEMATICAL PROGRAMMING AND OPERATIONS RESEARCH Editor: H. Peters, Maastricht University, ... ISBN 0-7923-9460-7 ISBN 0-7923-4200-3 P.J.-J. Herings: Static and Dynamic Aspects of General Disequilibrium Theory.
(The Subgame Perfect Folk Theorem (RUBINSTEIN [RUB77], see also [RUB79])) Suppose, player i has a pure optimal strategy T in T03-; (i = 1,2). Let Je Y be a sequence satisfying T . . . 1 i /= (5) liminf: 2. f*(j) > u, ...