General Equilibrium, Overlapping Generations Models, and Optimal Growth Theory Colors Few people get the experience

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ISBN13: 9780140084993 ISBN10: 0140084991 Material Type: paperback

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ISBN13: 9780070304345 ISBN10: 0070304343 Material Type: hardcover

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General Equilibrium, Overlapping Generations Models, and Optimal Growth Theory Colors Few people get the experienceThis book presents an original exposition of general equilibrium theory for advanced undergraduate and graduate level students of economics. It contains detailed discussions of economic efficiency, competitive equilibrium, the first and second welfare theorems, the Kuhn Tucker approach to general equilibrium, the Arrow Debreu model, and rational expectations equilibrium and the permanent income hypothesis. Truman Bewley also treats optimal growth and