Studies in Economic Theory

Institutions, Equilibria and Efficiency

Essays in Honor of Birgit Grodal

Editors: Schultz, Christian, Vind, Karl (Eds.)

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eBook $169.00
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  • ISBN 978-3-540-28161-0
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Hardcover $219.00
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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.

Buy this book

eBook $169.00
price for USA (gross)
  • ISBN 978-3-540-28161-0
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $219.00
price for USA
  • ISBN 978-3-540-28160-3
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $219.00
price for USA
  • ISBN 978-3-642-06637-5
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

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
Series Volume
25
Copyright
2006
Publisher
Springer-Verlag Berlin Heidelberg
Copyright Holder
Springer-Verlag Berlin Heidelberg
eBook ISBN
978-3-540-28161-0
DOI
10.1007/3-540-28161-4
Hardcover ISBN
978-3-540-28160-3
Softcover ISBN
978-3-642-06637-5
Series ISSN
1431-8849
Edition Number
1
Number of Pages
XII, 384
Number of Illustrations and Tables
21 b/w illustrations
Topics