General Competitive Analysis

Kenneth J. Arrow (Author), F.H. Hahn (Author)

9780444854971, Elsevier Science

Hardback, published 28 August 2004

468 pages
23.3 x 15.6 x 2.9 cm, 0.85 kg

"Arrow and Hahn have provided a definitive analysis (of general equilibrium) that is likely to stand for some years to come ... The book ... is far and away the best and most definitive work on general equilibrium ... It is clearly a must for every economic theorist." --Journal of Economic Literature

Historical Introduction. Market Equilibrium: A First Approach. Production Decisions and the Boundedness of the Economy. Consumer Decisions and Efficient Allocations. The Existence of Competitive Equilibrium. General Equilibrium under Alternative Assumptions. Markets with Non-Convex Preferences. The Core of a Market Economy. The Uniqueness of Competitive Equilibrium. Comparing Equilibria. Introduction to Stability Analysis. Stability with Recontracting. Trading out of Equilibrium: A Pure Exchange Economy. The Keynesian Model. Mathematical Appendix A: Positive Matrices. Mathematical Appendix B: Convex and Related Sets. Mathematical Appendix C: Fixed Point Theorems and Related Combinatorial Algorithms. Indexes.

Subject Areas: Banking [KFFK], Economic theory & philosophy [KCA], Economics [KC]