Overlapping Generations Economies
Seiten
2010
Red Globe Press (Verlag)
978-0-230-24333-0 (ISBN)
Red Globe Press (Verlag)
978-0-230-24333-0 (ISBN)
This book contains an analysis of overlapping generations' economies. Both traditional issues of microeconomics such as the existence of equilibrium and optimality of equilibrium allocations and new issues such as fluctuations, exchange rates and endogenous growth are studied.
In the past two decades the overlapping generations (OG) model has become a dominant framework in macroeconomic analysis. This book provides a clear and self-contained introduction to OG economies.
Starting with the existence of equilibrium and the optimality of allocations, the discussion then turns to properties of equilibria, including the existence of fluctuations and sunspot equilibria, ending with applications to the theories of exchange rates and endogenous growth.
Throughout the book, OG economies are compared and contrasted with optimal growth economies. The presentation includes detailed proofs of results as well as illustrative examples. Growing out of research and teaching experience on the subject, the book is suitable for advanced students and researchers.
In the past two decades the overlapping generations (OG) model has become a dominant framework in macroeconomic analysis. This book provides a clear and self-contained introduction to OG economies.
Starting with the existence of equilibrium and the optimality of allocations, the discussion then turns to properties of equilibria, including the existence of fluctuations and sunspot equilibria, ending with applications to the theories of exchange rates and endogenous growth.
Throughout the book, OG economies are compared and contrasted with optimal growth economies. The presentation includes detailed proofs of results as well as illustrative examples. Growing out of research and teaching experience on the subject, the book is suitable for advanced students and researchers.
MICH TVEDE is Professor in the Department of Economics, University of Copenhagen, Denmark. His research interests include consumer theory, economic dynamics, general equilibrium and incomplete financial markets
PART I: OVERLAPPING GENERATIONS ECONOMIES
Pure Exchange OG Economies
Optimality
Optimal Growth Economies
Stationary OG Economies
Fluctuations
Currencies
OG Economies with Production
Endogenous Growth
PART II: CONSUMERS AND FIRMS
Consumers
Preferred Sets and Support Functions
Consumers under Uncertainty
Firms
Appendix A: Sequences, Sets and Functions
Appendix B:Differentiability of Functions
Appendix C: Separation of Convex Sets
Appendix D: Dynamical Systems
References.
| Erscheint lt. Verlag | 9.4.2010 |
|---|---|
| Sprache | englisch |
| Maße | 156 x 234 mm |
| Gewicht | 540 g |
| Themenwelt | Wirtschaft ► Volkswirtschaftslehre ► Mikroökonomie |
| ISBN-10 | 0-230-24333-9 / 0230243339 |
| ISBN-13 | 978-0-230-24333-0 / 9780230243330 |
| Zustand | Neuware |
| Informationen gemäß Produktsicherheitsverordnung (GPSR) | |
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