General Equilibrium, Growth, and Trade: Essays in Honor of Lionel
McKenzie provides information pertinent to the three main areas of
Professor McKenzie's scientific research, namely, international trade,
economic growth, and general equilibrium theory. This book highlights
the main aspects of McKenzie's work. Organized into three parts
encompassing 21 chapters, this book begins with an overview of the
regularizing effects of aggregation over nonregular microrelations.
This text then examines the theory of a multiperiod monopolist
incurring nonseparable labor adjustment costs, which is developed when
investment is irreversible. Other chapters consider the behavior of a
price-maker in a competitive market as a preliminary step to a more
complete analysis of pure competition. This book discusses as well the
effects of uncertainty on optimal decisions, which constitutes an
increasingly essential area of economic research. The final chapter
deals with the general equilibrium macroeconomic model. This book is a
valuable resource for economists and economic theorists.
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Produktdetaljer
ISBN
9781483271453
Publisert
2016
Utgiver
Vendor
Academic Press
Språk
Product language
Engelsk
Format
Product format
Digital bok