General Equilibrium:Theory and Evidence

in World Scientific Books from World Scientific Publishing Co. Pte. Ltd.

Abstract: General Equilibrium Theory studies the properties and operation of free market economies. The field is a response to a series of questions originally outlined by Leon Walras about the operation of markets and posed by Frank Hahn in the following way: ‘Does the pursuit of private interest, through a system of interconnected deregulated markets, lead not to chaos but to coherence — and if so, how is that achieved?’ This is always an apt question, but particularly so given the ‘Global Financial Crisis’ that emerged from the operation of market economies in the Americas and Europe in mid to late 2008.

Keywords: General Equilibrium; Existence; Uniqueness; Stability; Optimality; Comparative Statics; Empirical Implications (search for similar items in EconPapers)
JEL-codes: O30 (search for similar items in EconPapers)
Date: 2009
ISBN: 9789812818348
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Chapters in this book:

Ch 1 GENERAL EQUILIBRIUM THEORY: AN OVERVIEW , pp 1-18: William Bryant
Ch 2 EXISTENCE OF EQUILIBRIUM: SUFFICIENT CONDITIONS , pp 19-72: William Bryant
Ch 3 EXISTENCE OF EQUILIBRIUM: NECESSARY CONDITIONS , pp 73-98: William Bryant
Ch 4 EQUILIBRIUM AND IRREDUCIBILITY: SOME EMPIRICAL EVIDENCE , pp 99-121: William Bryant
Ch 5 EXISTENCE OF EQUILIBRIUM UNDER ALTERNATIVE INCOME CONDITIONS , pp 122-154: William Bryant
Ch 6 EXISTENCE OF WALRASIAN EQUILIBRIUM IN SOME NON–ARROW-DEBREU ENVIRONMENTS , pp 155-172: William Bryant
Ch 7 UNIQUENESS OF EQUILIBRIUM , pp 173-208: William Bryant
Ch 8 STABILITY OF EQUILIBRIUM , pp 209-261: William Bryant
Ch 9 OPTIMALITY OF EQUILIBRIUM , pp 262-302: William Bryant
Ch 10 COMPARATIVE STATICS OF EQUILIBRIUM STATES , pp 303-355: William Bryant
Ch 11 EMPIRICAL EVIDENCE ON GENERAL EQUILIBRIUM , pp 356-423: William Bryant
Ch 12 GENERAL EQUILIBRIUM THEORY IN RETROSPECT , pp 424-433: William Bryant

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