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Buying Cheap and Selling Dear

Ken Binmore

in Playing for Real Coursepack Edition: A Text on Game Theory

Published in print:
2012
Published Online:
April 2015
ISBN:
9780199924530
eISBN:
9780190261399
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:osobl/9780199924530.003.0007
Subject:
Economics and Finance, Microeconomics

This chapter explains the use of game theory in economics and shows its relevance to making money. It discusses several models such as the Edgeworth Box, the Walrasian equilibrium, the Cournot model, ... More


The Modern Macroeconomic Approach and the Arrow-Debreu-McKenzie Model

Kartik B. Athreya

in Big Ideas in Macroeconomics: A Nontechnical View

Published in print:
2013
Published Online:
May 2014
ISBN:
9780262019736
eISBN:
9780262314404
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262019736.003.0002
Subject:
Economics and Finance, Macro- and Monetary Economics

How do macroeconomists talk to each other? What is the benchmark macroeconomic model? What’s a way to think about societal outcomes that are (i) not wasteful and (ii) stable?


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