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Equilibrium, Markets and Dynamics

Essays in Honour of Claus Weddepohl

  • Book
  • © 2002

Overview

Editors:
  1. Cars H. Hommes

    1. Center for Nonlinear Dynamics in Economics and Finance (CeNDEF), Department of Economics, University of Amsterdam, Amsterdam, The Netherlands

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  2. Roald Ramer

    1. Department of Quantitative Economics, University of Amsterdam, Amsterdam, The Netherlands

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  3. Cees A. Withagen

    1. Department of Economics, Tilburg University, Tilburg, The Netherlands

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Table of contents (23 chapters)

  1. Front Matter

    Pages I-XV
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  2. Claus Weddepohl: the First Dutch Mathematical Economist

    1. Claus Weddepohl: the First Dutch Mathematical Economist

      • Roald Ramer
      Pages 1-17

  3. Equilibrium

    1. Front Matter

      Pages 19-19
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    2. Indeterminateness of Equilibria and Macroeconomics

      • Jacques H. Drèze
      Pages 21-36

    3. Equilibrium Properties of Status Seeking and Conformism

      • Rein Haagsma
      Pages 37-49

    4. Recent Criticism of General Equilibrium Theory

      • Arnold Heertje
      Pages 51-60

    5. Coordinating Thoughts on Coordination Failures

      • P. Jean-Jacques Herings
      Pages 61-76

    6. Dynamic Implementation of Competitive Equilibria in Renegotiation Proof Equilibrium

      • Hans Keiding
      Pages 77-89

    7. On the Economics of Managing and Returns to Communications Technology

      • Michael Keren, David Levhari
      Pages 91-101

    8. Dynamic Adjustment of Supply Constrained Disequilibria to Walrasian Equilibrium

      • Gerard van der Laan, Dolf Talman
      Pages 103-116

    9. A General Equilibrium of Managed Services

      • Pieter H. M. Ruys
      Pages 117-139

  4. Markets

    1. Front Matter

      Pages 141-141
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    2. Undesired Goods in Applied Demand Analysis

      • Anton P. Barten
      Pages 143-153

    3. Animal Communication

      • Marcel Canoy
      Pages 155-165

    4. Still Searching for Bertrand Equilibrium

      • Eric van Damme
      Pages 167-182

    5. Environmental Policy and Bertrand Competition: a General Equilibrium Approach

      • Chris Elbers, Cees Withagen
      Pages 183-195

    6. Retiring Rich

      • Jacob K. Goeree
      Pages 197-207

    7. Scope for Defined Contribution

      • Paul van den Heuvel
      Pages 209-218

  5. Dynamics

    1. Front Matter

      Pages 219-219
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    2. On the Possibility of Economic Dynamics

      • Frank Hahn
      Pages 221-230
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Keywords

About this book

This book contains essays in honour of Claus Weddepohl who, after 22 years, is retiring as professor of mathematical economics at the Department of Quantitative Economics of the University of Amsterdam. Claus Weddepohl may be viewed as th~ first Dutch mathematical economist in the general equi­ librium tradition of Arrow, Debreu and Hahn. The essays in this book are centered around the themes Equilibrium, Markets and Dynamics, that have been at the heart of Weddepohl's work on mathematical economics for more than three decades. The essays have been classified according to these three themes. Admittedly such a classification always is somewhat arbitrary, and most essays would in fact fit into two or even all three themes. The essays have been written by international as well as Dutch friends and colleagues including Weddepohl's former Ph. D. students. The book starts with a review of Claus Weddepohl's work by Roald Ramer, who has been working with him in Amsterdam for all those years. The review describes how Weddepohl became fascinated by general equilibrium theory in the early stages of his career, how he has been working on the theory of markets throughout his career, and how he turned to applications of nonlinear dynamics to price adjustment processes in a later stage of his career. The first part of the book, Equilibrium, collects essays with general equilib­ rium theory as the main theme.

Reviews

From the reviews:

"It is … a special kind of collection, ‘Essays in Honour’ – or festchrifts as some like to call them. Here the unifying idea is not a special topic but a person and his academic life. Interesting and productive lifes, such as Claus Weddepohl’s, make it easier to produce a simulating book and the editors did not miss the opportunity. … I found reading this book a fruitful experience and I recommend it especially to younger colleagues." (Alfredo Medio, Journal of Economic Behavior and Organization, Vol. 58, 2005)

Editors and Affiliations

  • Center for Nonlinear Dynamics in Economics and Finance (CeNDEF), Department of Economics, University of Amsterdam, Amsterdam, The Netherlands

    Cars H. Hommes

  • Department of Quantitative Economics, University of Amsterdam, Amsterdam, The Netherlands

    Roald Ramer

  • Department of Economics, Tilburg University, Tilburg, The Netherlands

    Cees A. Withagen

Bibliographic Information

  • Book Title: Equilibrium, Markets and Dynamics

  • Book Subtitle: Essays in Honour of Claus Weddepohl

  • Editors: Cars H. Hommes, Roald Ramer, Cees A. Withagen

  • DOI: https://doi.org/10.1007/978-3-642-56131-3

  • Publisher: Springer Berlin, Heidelberg

  • eBook Packages: Springer Book Archive

  • Copyright Information: Springer-Verlag Berlin Heidelberg 2002

  • Hardcover ISBN: 978-3-540-43470-2Published: 14 May 2002

  • Softcover ISBN: 978-3-642-62820-7Published: 01 October 2012

  • eBook ISBN: 978-3-642-56131-3Published: 06 December 2012

  • Edition Number: 1

  • Number of Pages: XV, 344

  • Topics: Economic Theory/Quantitative Economics/Mathematical Methods, Game Theory, Economics, Social and Behav. Sciences

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