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|Additional Physical Format:||Print version:
McKenzie, Lionel W.
Equilibrium, trade, and growth.
Cambridge, Mass. : MIT Press, ©2009
|Material Type:||Document, Internet resource|
|Document Type:||Internet Resource, Computer File|
|All Authors / Contributors:||
Lionel W McKenzie; Tapan Mitra; Kazuo Nishimura
|ISBN:||9780262279536 0262279533 9781441604453 1441604456|
|Description:||1 online resource (vii, 480 pages) : illustrations|
|Contents:||Introduction; 1 Lionel W. McKenzie; 2 Equilibrium, Trade, and Capital Accumulation; Equilibrium; 3 On Equilibrium in Graham's Model of World Trade and Other Competitive Systems; 4 Competitive Equilibrium with Dependent Consumer Preferences; 5 Demand Theory without a Utility Index; 6 On the Existence of General Equilibrium for a Competitive Market; 7 Stability of Equilibrium and the Value of Positive Excess Demand; 8 On the Existence of General Equilibrium: Some Corrections; 9 Why Compute Economic Equilibria?; 10 The Classical Theorem on Existence of Competitive Equilibrium 11 The Existence of Competitive Equilibrium over an Infinite Horizon with Production and General Consumption SetsTrade; 12 Specialisation and Efficiency in World Production; 13 Equality of Factor Prices in World Trade; 14 Specialization in Production and the Production Possibility Locus; 15 Matrices with Dominant Diagonals and Economic Theory; 16 The Inversion of Cost Functions: A Counter-Example; 17 Theorem and Counter-Example; Growth; 18 The Dorfman-Samuelson-Solow Turnpike Theorem; 19 Turnpike Theorem of Morishima; 20 Accumulation Programs of Maximum Utility and the von Neumann Facet 21 Capital Accumulation Optimal in the Final State22 Turnpike Theorems with Technology and Welfare Function Variable; 23 A New Route to the Turnpike; 24 A Primal Route to the Turnpike and Liapounov Stability; 25 Turnpike Theory, Discounted Utility, and the von Neumann Facet; Sources; Index|
|Responsibility:||Edited by Tapan Mitra and Kazuo Nishimura.|
"Lionel McKenzie's contributions to economic theory are central in importance and influence. The collected essays display his priority in establishing existence of competitive equilibrium, his many