The three volumes of the "Collected Scientific Works of David Cass" are ordered chronologically, which happens to coincide with the development of the three major advances in Cass' research agenda, the development of the neoclassical growth model, the discovery of sunspot equilibria, and the analysis of models of market incompleteness. This volume covers the period from the middle 1980's through the end of Cass' life in 2008. Cass' research during this period included definitive papers showing that competitive equilibrium is generically indeterminate when markets are incomplete, and on the relationship between market incompleteness and the existence of sunspot equilibrium. This period also saw the follow-on papers addressing the issue of how financial innovation affects economic welfare, showing in particular that innovation can lead to welfare losses as well as gains, depending on the nature of the innovation.
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Covers the period from the middle 1980's through the end of David Cass' life in 2008.

Product details

ISBN
9780857246455
Published
2011-01-27
Publisher
Emerald Publishing Limited
Weight
739 gr
Height
234 mm
Width
156 mm
Thickness
38 mm
Age
P, 06
Language
Product language
Engelsk
Format
Product format
Innbundet
Number of pages
404

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Series edited by