Full Product Details
Author: Mukul Majumdar (Cornell University, USA)
Publisher: Taylor & Francis Ltd
Imprint: Routledge
Volume: v. 120
Dimensions:
Width: 15.60cm
, Height: 2.00cm
, Length: 23.40cm
Weight: 0.498kg
ISBN: 9780415746861
ISBN 10: 0415746868
Pages: 352
Publication Date: 11 November 2013
Audience:
College/higher education
,
Professional and scholarly
,
Undergraduate
,
Postgraduate, Research & Scholarly
Format: Paperback
Publisher's Status: Active
Availability: In Print
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Reviews
Professor Majumdar has given us an admirable and unified account of general economic equilibrium theory, both as it was developed by Arrow and Debreu and their contemporaries, and beyond them to more recent developments. These latter topics comprise generalizations of the theory of complete markets in various directions, as well as developments of more realistic models embracing incomplete and sequential markets with stochastic perturbations. This volume will serve well, both as a reference book on this now voluminous subject, and a rigorous textbook for an advanced course on general equilibrium theory. Roy Radner Stern School, New York University This book contains an up to date and lucid presentation of all important topics in general equilibrium theory. It starts with the classical results of Arrow and Debreu and covers many dynamic models, general equilibrium under uncertainty, and economies with an infinite dimensional commodity space among other topics. The book is also unique in some respects: It contains chapters on infinite horizon economies and on axiomatization of the Walras correspondence. It is an excellent treatment of modern general equilibrium theory. In particular, it is one of the best available expositions of general equilibrium under uncertainty. Bezalel Peleg The Hebrew University of Jerusalem
"Professor Majumdar has given us an admirable and unified account of general economic equilibrium theory, both as it was developed by Arrow and Debreu and their contemporaries, and beyond them to more recent developments. These latter topics comprise generalizations of the theory of ""complete markets"" in various directions, as well as developments of more realistic models embracing incomplete and sequential markets with stochastic perturbations. This volume will serve well, both as a reference book on this now voluminous subject, and a rigorous textbook for an advanced course on general equilibrium theory. Roy Radner Stern School, New York University This book contains an up to date and lucid presentation of all important topics in general equilibrium theory. It starts with the classical results of Arrow and Debreu and covers many dynamic models, general equilibrium under uncertainty, and economies with an infinite dimensional commodity space among other topics. The book is also unique in some respects: It contains chapters on infinite horizon economies and on axiomatization of the Walras correspondence. It is an excellent treatment of modern general equilibrium theory. In particular, it is one of the best available expositions of general equilibrium under uncertainty. Bezalel Peleg The Hebrew University of Jerusalem"
Author Information
Mukul Majumdar has been a recognized authority in the field of general equilibrium theory for some years now and is currently H.T. and R.I. Warshow Professor of Economics at Cornell University.
