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Strategic Interaction and Markets

Jean J. Gabszewicz

Published in print:
2000
Published Online:
November 2003
ISBN:
9780198233411
eISBN:
9780191596292
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/0198233418.001.0001
Subject:
Economics and Finance, Microeconomics

Perfect competition provides a model of a frictionless economy in which economic agents behave independently of each other, abandoning to the market the task of coordinating their individual ... More


The Labour Market and the Distribution of Income: The Neo‐Classical Approach

Tsuneo Ishikawa

in Income and Wealth

Published in print:
2002
Published Online:
November 2003
ISBN:
9780198288626
eISBN:
9780191596469
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/019828862X.003.0003
Subject:
Economics and Finance, Public and Welfare

This chapter addresses the question of how the resources of labour power are supplied to alternative uses from the neoclassical viewpoint of individual rational choice, and further explains various ... More


Computational Methods for the Study of Dynamic Economies

Ramon Marimon and Andrew Scott (eds)

Published in print:
2001
Published Online:
November 2003
ISBN:
9780199248278
eISBN:
9780191596605
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/0199248273.001.0001
Subject:
Economics and Finance, Macro- and Monetary Economics

Macroeconomics increasingly uses stochastic dynamic general equilibrium models to understand theoretical and policy issues. Unless very strong assumptions are made, understanding the properties of ... More


Increasing Returns and Efficiency

Martine Quinzii

Published in print:
1993
Published Online:
October 2011
ISBN:
9780195065534
eISBN:
9780199855063
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195065534.001.0001
Subject:
Economics and Finance, Financial Economics

Increasing returns to scale is an area in economics that is becoming more important in the literature. The economic phenomenon of increasing returns presents serious conceptual difficulties for the ... More


The Tendency to Equilibrium

G. B. Richardson

in Information and Investment: A Study in the Working of the Competitive Economy

Published in print:
1997
Published Online:
November 2003
ISBN:
9780198292432
eISBN:
9780191596810
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198292430.003.0001
Subject:
Economics and Finance, Microeconomics

Neo‐classical theory associates a ‘general equilibrium’ with perfectly competitive conditions but fails to demonstrate the existence of any tendency towards its realization. The assumptions of the ... More


GeneRal EQuilibrium Economics: Allowing for Imperfect Competition

Jean J. Gabszewicz

in Economics Beyond the Millennium

Published in print:
1999
Published Online:
November 2003
ISBN:
9780198292111
eISBN:
9780191596537
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198292112.003.0008
Subject:
Economics and Finance, Macro- and Monetary Economics, Microeconomics

The author argues that the only possible microeconomic theory is the one based on the general equilibrium model. After a historical account of efforts to incorporate agents with market power into the ... More


General Economic Equilibrium

S. N. Afriat

in Logic of Choice and Economic Theory

Published in print:
1987
Published Online:
November 2003
ISBN:
9780198284611
eISBN:
9780191595844
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198284616.003.0022
Subject:
Economics and Finance, Microeconomics

This is the fifth of six chapters on the logic of price. It is concerned with the proper microeconomic theory of general equilibrium understood as serving questions raised by Frederic Bastiat ... More


Markovian Equilibria in a Dynamic General Equilibrium Model with Heterogeneous Consumers

Subir K. Chakrabarti

in Dimensions of Economic Theory and Policy: Essays for Anjan Mukherji

Published in print:
2011
Published Online:
September 2012
ISBN:
9780198073970
eISBN:
9780199081615
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198073970.003.0002
Subject:
Economics and Finance, Microeconomics

This chapter proves that there exists a sequence of equilibrium prices in a general equilibrium model in which markets meet successively over several periods. The general equilibrium model is that of ... More


Modelling biodiversity and ecosystem services in coupled ecological–economic systems

William A. Brock, David Finnoff, Ann P. Kinzig, Unai Pascual, Charles Perrings, John Tschirhart, and Anastasios Xepapadeas

in Biodiversity, Ecosystem Functioning, and Human Wellbeing: An Ecological and Economic Perspective

Published in print:
2009
Published Online:
September 2009
ISBN:
9780199547951
eISBN:
9780191720345
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199547951.003.0019
Subject:
Biology, Ecology, Biodiversity / Conservation Biology

This chapter considers how economists model biodiversity in coupled social ecological systems, taking two polar cases along with a more general problem. Economists assume that all human decisions are ... More


Bimetallism in Theory

Marc Flandreau

in The Glitter of Gold: France Bimetallism and the Emergence of the International Gold Standard 1848-1873

Published in print:
2004
Published Online:
August 2004
ISBN:
9780199257867
eISBN:
9780191601279
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199257868.003.0002
Subject:
Economics and Finance, Economic History

Chapter 1 describes the international monetary landscape between 1848 and 1873. The prominent role of bullion is emphasized. It also reviews existing theories of the operation of a bimetallic system. ... More


Pure Theory of Capital

Tyler Beck Goodspeed

in Rethinking the Keynesian Revolution: Keynes, Hayek, and the Wicksell Connection

Published in print:
2012
Published Online:
September 2012
ISBN:
9780199846658
eISBN:
9780199950126
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199846658.003.0005
Subject:
Economics and Finance, Economic Systems

This chapter tackles Hayek’s Pure Theory of Capital (1941), and various elucidations of the “Ricardo effect.” Here, the chapter examines how Hayek absorbed many of Sraffa’s criticisms and moved away ... More


Conclusion

Martine Quinzii

in Increasing Returns and Efficiency

Published in print:
1993
Published Online:
October 2011
ISBN:
9780195065534
eISBN:
9780199855063
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195065534.003.0007
Subject:
Economics and Finance, Financial Economics

The general equilibrium analysis presented in this book shows that there are even more problems in using marginal cost pricing with increasing returns technologies than has been discussed at the time ... More


Introduction *

Krishnendu Ghosh Dastidar, Hiranya Mukhopadhyay, and Uday Bhanu Sinha

in Dimensions of Economic Theory and Policy: Essays for Anjan Mukherji

Published in print:
2011
Published Online:
September 2012
ISBN:
9780198073970
eISBN:
9780199081615
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198073970.003.0001
Subject:
Economics and Finance, Microeconomics

This book discusses various aspects of economic theory and quantitative techniques and their applications and relevance to policymaking. It features contributions from economists who have come ... More


Imperfect Competition and General Equilibrium

Jean J. Gabszewicz

in Strategic Interaction and Markets

Published in print:
2000
Published Online:
November 2003
ISBN:
9780198233411
eISBN:
9780191596292
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198233418.003.0006
Subject:
Economics and Finance, Microeconomics

Extends the analysis of strategic competition when competition takes place simultaneously in several markets, as in the exchange process among several goods and several agents. First, the barter ... More


Introduction

Anthony Garratt, Kevin Lee, M. Hashem Pesaran, and Yongcheol Shin

in Global and National Macroeconometric Modelling: A Long-Run Structural Approach

Published in print:
2006
Published Online:
September 2006
ISBN:
9780199296859
eISBN:
9780191603853
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199296855.003.0001
Subject:
Economics and Finance, Econometrics

This chapter introduces the long-run structural approach to modelling. It makes brief comparisons with the key alternative approaches, namely large-scale simultaneous equation models, unrestricted ... More


Walras‐Type Model of Match‐Box Size

Michio Morishima

in Theory of Economic Growth

Published in print:
1969
Published Online:
November 2003
ISBN:
9780198281641
eISBN:
9780191596667
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198281641.003.0001
Subject:
Economics and Finance, Development, Growth, and Environmental

Introduces multi‐sectoral growth analysis. Mainly devoted to examining a Walrasian general equilibrium model of capital formation on the smallest possible scale. It is assumed that the economy ... More


Economic Implications of the ‘Revolution’

Michio Morishima

in Theory of Economic Growth

Published in print:
1969
Published Online:
November 2003
ISBN:
9780198281641
eISBN:
9780191596667
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198281641.003.0006
Subject:
Economics and Finance, Development, Growth, and Environmental

The neoclassical model so far examined in the book assumes, among other things: (a) that firms can be classified into two or several industries, each producing a single output; (b) that capital goods ... More


The Outsiders: Economic Reform and Informal Labour in a Developing Economy

Sugata Marjit and Saibal Kar

Published in print:
2011
Published Online:
September 2012
ISBN:
9780198071495
eISBN:
9780199081257
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198071495.001.0001
Subject:
Economics and Finance, Development, Growth, and Environmental

The informal economy has emerged as one of the most dynamic, active, and hotly-debated domains in the entire developing world. Unfortunately, it remains one of the least treated subjects in ... More


International Trade Theory and International Business

James R. Markusen

in Oxford Handbook of International Business

Published in print:
2001
Published Online:
November 2003
ISBN:
9780199241828
eISBN:
9780191596834
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199241821.003.0003
Subject:
Economics and Finance, International

The aim of this chapter is to acquaint researchers in the field of international business with recent research in the field of international trade, which is beginning to incorporate aspects of ... More


Computing Models of Social Security

Ayşe İmrohoroğlu, Selahattin İmrohoroğlu, and Douglas H. Joines

in Computational Methods for the Study of Dynamic Economies

Published in print:
2001
Published Online:
November 2003
ISBN:
9780199248278
eISBN:
9780191596605
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199248273.003.0010
Subject:
Economics and Finance, Macro- and Monetary Economics

A core topic of current economic research (and policy debate) is the evaluation of social security systems and their possible reforms. Shows how models of social security can be computed in economies ... More


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