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9780521063821

Essays in Honor of Kenneth J. Arrow

by
  • ISBN13:

    9780521063821

  • ISBN10:

    0521063825

  • Edition: 1st
  • Format: Paperback
  • Copyright: 2008-06-05
  • Publisher: Cambridge University Press

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Summary

Professor Kenneth J. Arrow is one of the most distinguished economic theorists. He has played a major role in shaping the subject and is honoured by the publication of three volumes of essays on economic theory. Each volume deals with a different area of economic theory. The books include contributions by some of the best economic theorists from the United Stated, Japan, Israel and Europe. This second volume is entitled Equilibrium Analysis and is divided into sections on general equilibrium and on the microfoundations of macroeconomics.

Table of Contents

General Eqilibrium
A general equilibrium theory of North-South trade
Soldiers of fortune?
The dynamics of industrywide learning
Decentralized trade in a credit economy
Lump-sum taxes and transfers: public debt in the overlapping-generations model
Coordination failure under complete markets with applications to effective demand
Microfoundations of Macroeconomics
Price flexibility, inventory behaviour and production responses
On asymmetric information, unemployment and inflexible wages
Asymmetric adjustment costs and sectoral shifts
Implicit contracts and risk aversion
An exercise in non-Walrasian analysis
Monopolistic competition and the multiplier
Table of Contents provided by Publisher. All Rights Reserved.

Supplemental Materials

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