<p>JEAN-FRANQOIS MERTENS This book presents a systematic exposition of the use of game theoretic methods in general equilibrium analysis. Clearly the first such use was by Arrow and Debreu, with the "birth" of general equiΒ librium theory itself, in using Nash's existence theorem (or a generalizatio
General Equilibrium Option Pricing Method. Theoretical and Empirical Study
β Scribed by Jian Chen
- Publisher
- Springer
- Year
- 2018
- Tongue
- English
- Leaves
- 159
- Category
- Library
No coin nor oath required. For personal study only.
π SIMILAR VOLUMES
<p>Motivation. That elegant fiction the competitive equilibrium seems still to dominate the frontiers of theoretical microeconomics. We may think of it in a general way as a state of affairs wherein economic agents, responding "rationally" to annoWlced prices, make choices which are consistent and f
<p><P><STRONG>General Equilibrium Analysis</STRONG> is a systematic exposition of the Walrasian model of economic equilibrium with a finite number of agents, as formalized by Arrow, Debreu and McKenzie at the beginning of the fifties and since then extensively used, worked and studied. Existence and
If you want to learn how to solve the dynamic macroeconomic models from a theoretical and practical perspectives, you should buy this book. But what I like the most it's the extended development in each model, contrary to other macroeconomic books, you can find in this one, a very detailed explanati
Modern business cycle theory and growth theory uses stochastic dynamic general equilibrium models. Many mathematical tools are needed to solve these models. The book presents various methods for computing the dynamics of general equilibrium models. In part I, the representative-agent stochastic grow