Social choice and public decision making(
Book
)
2
editions published
in
1986
in
English
and held by
402
libraries
worldwide
Uncertainty, information, and communication(
Book
)
3
editions published
in
1986
in
English
and held by
376
libraries
worldwide
Equilibrium analysis(
Book
)
2
editions published
in
1986
in
English
and held by
370
libraries
worldwide
General equilibrium theory : an introduction by Ross M Starr
(
Book
)
11
editions published
between
1997
and
2011
in
English
and held by
312
libraries
worldwide
"General 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 text starts with elementary models: Robinson Crusoe, the Edgeworth Box, and a 2-commodity 2-household 2-firm model. It gives a brief introduction to the mathematics used in the field (continuity, convexity, separation theorems, Brouwer fixed-point theorem, point-to-set mappings, and Shapley-Folkman theorem). It then presents the mathematical general equilibrium model in progressively more general settings, including point-valued, set-valued, and non-convex set-valued demand and supply. Existence of general equilibrium, fundamental theorems of welfare economics, core convergence, and futures markets with time and uncertainty are treated fully. 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"--
Essays in honor of Kenneth J. Arrow(
Book
)
5
editions published
between
1986
and
2008
in
English
and held by
33
libraries
worldwide
Equity markets, transaction costs, and capital accumulation : an illustration by Valerie R Bencivenga
(
Book
)
2
editions published
in
1995
in
English
and held by
30
libraries
worldwide
Quasi-equilibria in markets with non-convex preferences by Ross M Starr
(
Book
)
3
editions published
between
1966
and
1967
in
English
and held by
26
libraries
worldwide
Social choice and public decision making : essays in honor of Kenneth J. Arrow(
Book
)
5
editions published
between
1986
and
2008
in
English
and held by
16
libraries
worldwide
Market makers' supply and pricing of financial market liquidity by Pu Shen
(
Book
)
6
editions published
in
2000
in
English
and held by
13
libraries
worldwide
This study models the bid-ask spread in financial markets as a function of asset price variability and order flow. The market-maker is characterized as passively accepting orders to buy and to sell a security at the market's prevailing price (plus or minus half the bid-ask spread). The bid-ask spread adjusts to cover market-makers' average costs. The bid-ask spread then varies positively with: the security's price volatility, the volatility of order flow, and the absolute value of the market-maker's net inventory position. Each of these variables increases average cost and hence is priced in the bid-ask spread. Thus market liquidity (varying inversely with the bid-ask spread) declines with increasing price and volume volatility and with increasing size of market-maker net inventory positions. The model hence provides a particularly simple explanation for declining market liquidity during periods of large price movements and trading imbalances that increase the size of market-makers' net inventory.
Uncertainty, information, and communication : essays in honor of Kenneth J. Arrow(
Book
)
2
editions published
in
2008
in
English
and held by
10
libraries
worldwide
Equilibrium analysis : essays in honor of Kenneth J. Arrow, volume II(
Book
)
2
editions published
in
1986
in
English
and held by
10
libraries
worldwide
Equilibrium analysis : essays in honor of Kenneth J. Arrow(
Book
)
1
edition published
in
2008
in
English
and held by
9
libraries
worldwide
Liquidity of the treasury bill market and the term structure of interest rates by Pʻu Shen
(
Book
)
2
editions published
between
1992
and
1994
in
English
and held by
5
libraries
worldwide
Why is there money? : endogenous derivation of 'money' as the most liquid asset : a class of examples by Ross M Starr
(
Book
)
4
editions published
between
2000
and
2001
in
English
and held by
3
libraries
worldwide
Liquidity of secondary capital markets : allocative efficiency and the maturity composition of the capital stock by Valerie R Bencivenga
(
Book
)
2
editions published
between
1992
and
1993
in
English
and held by
3
libraries
worldwide
Two-part marginal cost pricing equilibria : existence and efficiency by Donald J Brown
(
Book
)
2
editions published
between
1990
and
1991
in
English
and held by
2
libraries
worldwide
Related Identities
