Ross M. StarrCambridge University PressEdition: 2, 4/25/2011EAN 9780521826457, ISBN10: 0521826454Hardcover, 380 pages, 25.3 x 21.5 x 2.2 cmLanguage: EnglishGeneral Equilibrium Theory: An Introduction presents the mathematical economic theory of price determination and resource allocation from elementary to advanced levels, suitable for advanced undergraduates and graduate students of economics. This Arrow–Debreu model (known for two of its most prominent founders, both Nobel Laureates) is the basis of modern price theory and of a wide range of applications. The new edition updates discussion throughout and expands the number and variety of exercises. It offers a revised and extended treatment of core convergence, including the case of non-convex preferences, and introduces the investigation of approximate equilibrium with U-shaped curves and non-convex preferences.Part I. General Equilibrium TheoryGetting Acquainted1. Concept and history of general equilibrium theory2. An elementary general equilibrium model - the Robinson Crusoe economy3. The Edgeworth box4. Integrating production and multiple consumption decisionsa 2 x 2 x 2 model5. Existence of general equilibrium in an economy with an excess demand functionPart II. Mathematics6. Logic and set theory7. RNreal N-dimensional Euclidean space8. Convex sets, separation theorems, and non-convex sets in RN9. The Brouwer fixed point theoremPart III. An Economy with Bounded Production Technology, Supply and Demand Functions10. Markets, prices, commodities, and mathematical economic theory11. Production with bounded firm technology12. Households13. A market economy14. General equilibrium of the market economy with an excess demand functionPart IV. An Economy with Unbounded Production Technology, Supply and Demand Functions15. Theory of productionthe unbounded technology case16. Householdsthe unbounded technology case17. A market economythe unbounded technology case18. General equilibrium of the market economythe unbounded technology casePart V. Welfare Economics and the Scope of Markets19. Pareto efficiency and competitive equilibrium20. Time and uncertaintyfutures marketsPart VI. Bargaining and EquilibriumThe Core21. The core of a market economy22. Convergence of the core of a large economyPart VII. An Economy with Supply and Demand Correspondences23. Mathematicsanalysis of point to set mappings24. General equilibrium of the market economy with an excess demand correspondence25. U-shaped cost curves and concentrated preferencesPart VIII. Standing on the Shoulders of Giants26. Next steps27. Summary and conclusion.
