A01=Yves Balasko
Aggregate demand
Aggregate supply
Analysis
Author_Yves Balasko
Behavioral economics
Binary relation
Category=KCA
Category=KCC
Category=KCH
Coefficient
Commodity
Consumer
Consumer choice
Contract curve
Convex function
Convex set
Coordinate system
Corollary
Cost-benefit analysis
Demand curve
Determinant
Differentiable manifold
Economic equilibrium
Economic geography
Economic policy
Economics
Economy
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
Equivalence relation
Excess demand function
Exchange economy
Existential quantification
Expense
Fubini's theorem
General equilibrium theory
Income
Jacobian matrix and determinant
Lebesgue measure
Loss function
Manufacturing
Marginal cost
Market liquidity
Mass production
Maximizer
Monotonic function
Neoclassical economics
Non-convexity (economics)
Numeraire
Optimization problem
Ordinal utility
Parameter space
Partial derivative
Preference (economics)
Preference relation
Preorder
Probability
Production set
Profit (economics)
Profit maximization
Quantity
Relative price
Statistic
Submanifold
Subsequence
Subset
Substitution effect
Supply (economics)
Supply and demand
Theory
Theory of value (economics)
Transitive relation
Utility
Utility maximization problem
Value added
Value theory
Product details
- ISBN 9780691146799
- Weight: 567g
- Dimensions: 152 x 235mm
- Publication Date: 14 Aug 2011
- Publisher: Princeton University Press
- Publication City/Country: US
- Product Form: Hardback
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The concept of general equilibrium, one of the central components of economic theory, explains the behavior of supply, demand, and prices by showing that supply and demand exist in balance through pricing mechanisms. The mathematical tools and properties for this theory have developed over time to accommodate and incorporate developments in economic theory, from multiple markets and economic agents to theories of production. Yves Balasko offers an extensive, up-to-date look at the standard theory of general equilibrium, to which he has been a major contributor. This book explains how the equilibrium manifold approach can be usefully applied to the general equilibrium model, from basic consumer theory and exchange economies to models with private ownership of production. Balasko examines properties of the standard general equilibrium model that are beyond traditional existence and optimality. He applies the theory of smooth manifolds and mappings to the multiplicity of equilibrium solutions and related discontinuities of market prices.
The economic concepts and differential topology methods presented in this book are accessible, clear, and relevant, and no prior knowledge of economic theory is necessary. General Equilibrium Theory of Value offers a comprehensive foundation for the most current models of economic theory and is ideally suited for graduate economics students, advanced undergraduates in mathematics, and researchers in the field.
Yves Balasko is professor of economics at the University of York. He is the author of "Foundations of the Theory of General Equilibrium and The Equilibrium Manifold".
