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£104.00

Edward Elgar Publishing General Equilibrium and Welfare

Name: General Equilibrium and Welfare
Brand: Edward Elgar Publishing
Price: 104.0 GBP
Availability: InStock

Theory & Philosophy

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Description

This major new book provides an accessible and innovative introduction to general equilibrium analysis and associated welfare economics. In this distinct and refreshing treatment, John Creedy develops a simple two sector model using only diagrams and simple mathematics to ensure that this treatment will be accessible to students. The analysis of exchange and the gains from trade in the context of price taking behaviour are the subject of the first part of the book. Special attention is given to general equilibrium supply and demand curves and, in contrast with partial equilibrium treatments, the possibility of multiple equilibria. Trading at disequilibrium prices, the influence of the numbers of traders and bargaining solutions are then discussed before production is added to the analysis and the two sector model constructed. General Equilibrium and Welfare will be welcomed for its accessible introduction to General Equilibrium analysis and for the strong emphasis it places on exchange, which is closely in line with the work of early neoclassical writers such as Jevons, Walras, Edgeworth and Wicksell. Review '. . . it is certainly well written and it is useful for students who are not seeking a stepping-stone to more advanced topics.' -- Rabee Tourky, La Trobe University, Australia About the Author John Creedy, School of Accounting and Commercial Law, Victoria University of Wellington, New Zealand

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Used Book in Good Condition

Product Specifications

Brand: Edward Elgar Publishing
Format: hardcover
ASIN: 1858984181
Category: Books > Subjects > Business, Finance & Law > Economics > Theory & Philosophy
Domain: Amazon UK
Release Date: 01 July 1996
Listed Since: 15 December 2006

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Edward Elgar Publishing General Equilibrium and Welfare

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