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Allocation of Factors in Competitive Markets

John P. Burkett

in Microeconomics: Optimization, Experiments, and Behavior

Published in print:
2006
Published Online:
October 2011
ISBN:
9780195189629
eISBN:
9780199850778
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195189629.003.0008
Subject:
Economics and Finance, Microeconomics

This chapter examines the issues considered in the allocation of factors in competitive markets. It suggests that general equilibrium analysis is very useful in public finance and international trade ... More


The Limitations to the Role of Monetary Policy

J. C. R. Dow and I. D. Saville

in A Critique of Monetary Policy: Theory and British Experience

Published in print:
1990
Published Online:
November 2003
ISBN:
9780198283195
eISBN:
9780191596186
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198283199.003.0012
Subject:
Economics and Finance, Macro- and Monetary Economics

Focuses on the limitations encountered by the monetary authorities when trying to control the economy. The argument builds on the previous chapters to show the problems with fiscal instruments such ... More


An Approach to Applied Welfare Economics

Raaj K. Sah and Joseph E. Stiglitz

in Peasants versus City-Dwellers: Taxation and the Burden of Economic Development

Published in print:
2002
Published Online:
January 2005
ISBN:
9780199253579
eISBN:
9780191601682
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199253579.003.0003
Subject:
Economics and Finance, Development, Growth, and Environmental

One of the contributions of this book is to use and develop the principles of modern public finance for the analysis of LDCs (less developed countries). This is done by borrowing from two ... More


Paul Samuelson as a “Keynesian” Economist

L. R. Klein

in Samuelsonian Economics and the Twenty-First Century

Published in print:
2006
Published Online:
January 2009
ISBN:
9780199298839
eISBN:
9780191711480
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199298839.003.0012
Subject:
Economics and Finance, History of Economic Thought

This chapter traces the development of Keynesian economics in the US from the early days. Although Keynesian economics came into the US in fragments, Samuelson views it as a unifying principle. One ... More


Introduction

Raaj K. Sah and Joseph E. Stiglitz

in Peasants versus City-Dwellers: Taxation and the Burden of Economic Development

Published in print:
2002
Published Online:
January 2005
ISBN:
9780199253579
eISBN:
9780191601682
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199253579.003.0001
Subject:
Economics and Finance, Development, Growth, and Environmental

The aim of this book is to provide a rigorous framework within which the fundamental question of who should bear the burden of economic development in less developed countries (LDCs) can be addressed ... More


Economic Fluctuations and the Arrow-Debreu Model

Yves Balasko

in The Equilibrium Manifold: Postmodern Developments in the Theory of General Economic Equilibrium

Published in print:
2009
Published Online:
August 2013
ISBN:
9780262026543
eISBN:
9780262255370
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262026543.003.0411
Subject:
Economics and Finance, Econometrics

This chapter deals with an extension of the Arrow–Debreu model, namely, the fully stationary intertemporal Arrow–Debreu model where some consumers face restrictions in their ability to transfer ... More


Macroeconomic Shortcuts

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/9780262019736.003.0005
Subject:
Economics and Finance, Macro- and Monetary Economics

Why do macroeconomists usually work with models that seem, to many, to be ridiculous simplifications of reality that stress mathematical coherence over economic substance? This chapter addresses ... More


An overview

David M. Kreps

in A Course in Microeconomic theory

Published in print:
2020
Published Online:
May 2021
ISBN:
9780691202754
eISBN:
9780691215747
Item type:
chapter
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691202754.003.0001
Subject:
Economics and Finance, Microeconomics

This chapter provides an overview of some basic concepts and philosophy in microeconomic theory. Microeconomic theory concerns the behavior of individual economic actors and the aggregation of their ... More


Financing Medicare: A General Equilibrium Analysis

Orazio Attanasio, Sagiri Kitao, and Giovanni L. Violante

in Demography and the Economy

Published in print:
2011
Published Online:
February 2013
ISBN:
9780226754727
eISBN:
9780226754758
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226754758.003.0010
Subject:
Economics and Finance, Macro- and Monetary Economics

This chapter deals with the long-term financing of Medicare in the United States. The chapter provides a model that features employer-provided health insurance, Medicare for the elderly, and Social ... More


Competitive Agents in Certain and Uncertain Markets

Robert G. Chambers

Published in print:
2021
Published Online:
December 2020
ISBN:
9780190063016
eISBN:
9780190063047
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780190063016.001.0001
Subject:
Economics and Finance, Econometrics, Microeconomics

This book uses concepts from optimization theory to develop an integrated analytic framework for treating consumer, producer, and market equilibrium analyses as special cases of a generic ... More


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