Skip to main content
SpringerLink
Log in
Book cover

Optimality in Infinite Horizon Economies

  • Book
  • © 1986

Overview

Authors:
  1. Anders Borglin

    1. Department of Economics, University of Gothenburg, Gothenburg, Sweden

    View author publications

    You can also search for this author in PubMed   Google Scholar

  2. Hans Keiding

    1. Institute of Economics, University of Copenhagen, Copenhagen K, Denmark

    View author publications

    You can also search for this author in PubMed   Google Scholar

Part of the book series: Lecture Notes in Economics and Mathematical Systems (LNE, volume 269)

This is a preview of subscription content, log in via an institution to check access.

Access this book

Log in via an institution
eBook USD 39.99
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book USD 54.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Other ways to access

Licence this eBook for your library

Institutional subscriptions

Table of contents (10 chapters)

  1. Front Matter

    Pages N2-VI
    Download chapter PDF

  2. Introduction

    1. Introduction

      • Anders Borglin, Hans Keiding
      Pages 1-5

  3. One-Good Models

    1. Front Matter

      Pages 6-6
      Download chapter PDF

    2. One-Good Production and Consumption Models

      • Anders Borglin, Hans Keiding
      Pages 7-29

    3. Reduced Models

      • Anders Borglin, Hans Keiding
      Pages 30-47

    4. Efficiency Criteria

      • Anders Borglin, Hans Keiding
      Pages 48-64

    5. Measures of Curvature and General Efficiency Criteria

      • Anders Borglin, Hans Keiding
      Pages 65-85

    6. Approximating Sets and Measures of Curvature

      • Anders Borglin, Hans Keiding
      Pages 86-94

  4. Many-Goods Models

    1. Front Matter

      Pages 95-95
      Download chapter PDF

    2. Market Structures and Overlapping Markets Economies

      • Anders Borglin, Hans Keiding
      Pages 96-115

    3. Reduced Many-Goods Models

      • Anders Borglin, Hans Keiding
      Pages 116-137

    4. Efficiency Criteria for Many-Goods Models

      • Anders Borglin, Hans Keiding
      Pages 138-156

    5. Approximations of Many-Goods Models

      • Anders Borglin, Hans Keiding
      Pages 157-169

  5. Back Matter

    Pages 170-183
    Download chapter PDF
Back to top

Keywords

About this book

Modern welfare economics as it is known today to economists took its final shape with the emergence of the Arrow-Debreu model. The classical conjectures about the beneficient workings of markets together with the converse statement, that optimal (in the sense of Pareto) allocations may be sustained by prices and markets, has laid a firm foundation for further research in welfare economics. But more than that, it has inspired researchers to take up entirely new topics, notably by closer considerations of situations where the assumptions of the original model may seem overly restrictive. One of these new directions has been connected with generalizing the model so that it takes into account the possibility of infinitely many commodities. On the face of it, the idea of an infinity of commodities may seem a mathematical fancy having no "real" counterpart in economic life. This is not so, however. Quite to the contrary, infinity enters in a very natural way when it is taken into account that economic transactions take place over time. 2 In the Arrow-Debreu formalism, time may be incorporated into the model in a very simple way using dated commodities. Thus two commodities are considered as being different if they are to be delivered at different points of time.

Authors and Affiliations

  • Department of Economics, University of Gothenburg, Gothenburg, Sweden

    Anders Borglin

  • Institute of Economics, University of Copenhagen, Copenhagen K, Denmark

    Hans Keiding

Bibliographic Information

  • Book Title: Optimality in Infinite Horizon Economies

  • Authors: Anders Borglin, Hans Keiding

  • Series Title: Lecture Notes in Economics and Mathematical Systems

  • DOI: https://doi.org/10.1007/978-3-662-02478-2

  • Publisher: Springer Berlin, Heidelberg

  • eBook Packages: Springer Book Archive

  • Copyright Information: Springer-Verlag Berlin Heidelberg 1986

  • Softcover ISBN: 978-3-540-16475-3Published: 01 May 1986

  • eBook ISBN: 978-3-662-02478-2Published: 29 June 2013

  • Series ISSN: 0075-8442

  • Series E-ISSN: 2196-9957

  • Edition Number: 1

  • Number of Pages: VI, 182

  • Topics: Economics, general

Publish with us

Policies and ethics

Back to top

Search

Navigation