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Equilibrium and Efficiency in Production Economies

  • Book
  • © 2000
  • Latest edition

Overview

Authors:
  1. Antonio Villar

    1. Department of Economics, University of Alicante & IVIE, Alicante, Spain

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  • Low mathematical complexity
  • Highly self-contained exposition

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Table of contents (12 chapters)

  1. Front Matter

    Pages i-xi
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  2. Preliminaries

    • Antonio Villar
    Pages 1-12

  3. Consumers

    • Antonio Villar
    Pages 13-41

  4. Production and Supply

    • Antonio Villar
    Pages 43-65

  5. Competitive Equilibrium

    • Antonio Villar
    Pages 67-92

  6. Equilibrium with Non-Convex Firms

    • Antonio Villar
    Pages 93-111

  7. Marginal Pricing

    • Antonio Villar
    Pages 113-140

  8. Increasing Returns and Monopolies

    • Antonio Villar
    Pages 141-162

  9. Loss-Free Pricing Rules

    • Antonio Villar
    Pages 163-181

  10. Competition and Increasing Returns

    • Antonio Villar
    Pages 183-201

  11. Non-Convexities as Public Goods

    • Antonio Villar
    Pages 203-220

  12. Input-Output Analysis

    • Antonio Villar
    Pages 221-243

  13. The Limits of the Economy

    • Antonio Villar
    Pages 245-258

  14. Back Matter

    Pages 259-278
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Keywords

About this book

This book is a substantially revised and enlarged version of the monograph General Equilibrium with Increasing Returns, published by Springer-Verlag as a Lecture Notes volume in 1996. It incorporates new topics and the most recent developments in the field. It also provides a more systematic analysis of the differences between production economies with and without convex production sets. Five out of twelve chapters are new, and most of the remaining ones have been reformulated. An outline of contents appears in chapter 1. As its predecessor, this book contains a formal and systematic exposition of the main results on the existence and efficiency of equilibrium, in production economies where production sets need not be convex. There is an explicit attempt at making of it a suitable reference both for graduate students and researchers interested in theory (not necessarily specialists in mathematical economics). With this twofold purpose in mind, the work has been written according to three key principles: (i) To provide a uhified approach to the problems involved. For that we construct a basic model that is rich enough to encompass the different models appearing throughout, and to derive all the results as coroilaries of a reduced number of general theorems. (ii) To maintain a relatively low mathematical complexity. Thus, when the estimated cost of generality exceeds the benefit of simplicity, we shall state and prove the theorems under assumptions that need not be the most general ones.

Authors and Affiliations

  • Department of Economics, University of Alicante & IVIE, Alicante, Spain

    Antonio Villar

Bibliographic Information

  • Book Title: Equilibrium and Efficiency in Production Economies

  • Authors: Antonio Villar

  • DOI: https://doi.org/10.1007/978-3-642-59670-4

  • Publisher: Springer Berlin, Heidelberg

  • eBook Packages: Springer Book Archive

  • Copyright Information: Springer-Verlag Berlin Heidelberg 2000

  • Softcover ISBN: 978-3-642-64076-6Published: 18 September 2011

  • eBook ISBN: 978-3-642-59670-4Published: 06 December 2012

  • Edition Number: 2

  • Number of Pages: XII, 278

  • Additional Information: Originally published as volume 438 in the series: Lecture Notes in Economics and Mathematical Systems

  • Topics: Microeconomics, Economic Theory/Quantitative Economics/Mathematical Methods

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