Core and equilibria of a large economy. (psme-5)
Auteur :
Hildenbrand, Werner
Éditeur :
Princeton University Press
ISBN :
9780691645766
Date de publication :
19 avr. 2016
Dimensions :
23,5 x 15,2 cm
Poids :
539 g
Format :
B315
Langue :
Anglais
Pays d'origine :
USA
Can every allocation in the core of an economy be decentralized by a suitably chosen price system? Werner Hildenbrand shows that the answer is yes if the economy has "many" participating agents and if the influence of every individual agent on collective actions is "negligible." To give a general and precise definition of economics with this proper