Author: David CassPublisher:
ISBN:
Category :
Languages : en
Pages : 48
Book Description
Equilibria with Incomplete Markets and Overlapping Generations
Author: David CassAssets, Beliefs, and Equilibria in Economic Dynamics
Author: Charalambos D. AliprantisPublisher: Springer Science & Business Media
ISBN: 3662058588
Category : Business & Economics
Languages : en
Pages : 733
Book Description
A collection of papers dealing with a broad range of topics in mathematical economics, game theory and economic dynamics. The contributions present both theoretical and applied research. The volume is dedicated to Mordecai Kurz. The papers were presented in a special symposium co-hosted by the Stanford University Department of Economics and by the Stanford Institute of Economic Policy Research in August 2002.
Journal of Economic Theory
Author: Karl ShellThe Collected Scientific Work of David Cass
Author: Stephen E. SpearPublisher: Emerald Group Publishing
ISBN: 0857246453
Category : Business & Economics
Languages : en
Pages : 413
Book Description
Covers the period from the middle 1980's through the end of David Cass' life in 2008.
Economics of Pessimism and Optimism
Author: Kiyohiko G. NishimuraPublisher: Springer
ISBN: 4431559035
Category : Business & Economics
Languages : en
Pages : 341
Book Description
This is the first book to investigate individual’s pessimistic and optimistic prospects for the future and their economic consequences based on sound mathematical foundations. The book focuses on fundamental uncertainty called Knightian uncertainty, where the probability distribution governing uncertainty is unknown, and it provides the reader with methods to formulate how pessimism and optimism act in an economy in a strict and unified way. After presenting decision-theoretic foundations for prudent behaviors under Knightian uncertainty, the book applies these ideas to economic models that include portfolio inertia, indeterminacy of equilibria in the Arrow-Debreu economy and in a stochastic overlapping-generations economy, learning, dynamic asset-pricing models, search, real options, and liquidity preferences. The book then proceeds to characterizations of pessimistic (ε-contaminated) and optimistic (ε-exuberant) behaviors under Knightian uncertainty and people’s inherent pessimism (surprise aversion) and optimism (surprise loving). Those characterizations are shown to be useful in understanding several observed behaviors in the global financial crisis and in its aftermath. The book is highly recommended not only to researchers who wish to understand the mechanism of how pessimism and optimism affect economic phenomena, but also to policy makers contemplating effective economic policies whose success delicately hinges upon people’s mindsets in the market. Kiyohiko Nishimura is Professor at the National Graduate Institute for Policy Studies (GRIPS) and Professor Emeritus and Distinguished Project Research Fellow of the Center for Advanced Research in Finance at The University of Tokyo. Hiroyuki Ozaki is Professor of Economics at Keio University.
Journal of Mathematical Economics
Author: Equilibrium: Some recent types of equilibrium models
Author: Donald Anthony WalkerPublisher:
ISBN:
Category : Comparative economics
Languages : en
Pages : 648
Book Description
The Collected Scientific Work of David Cass
Author: David CassPublisher: Emerald Group Publishing
ISBN: 0857246410
Category : Business & Economics
Languages : en
Pages : 394
Book Description
Consists of David Cass' early work from his time in graduate school at Stanford University, studying under Hirofumi Uzawa, and as an assistant professor at Yale's Cowles Commission, and his tenure at Carnegie Mellon University's Graduate School of Industrial Administration.
Handbook of Computable General Equilibrium Modeling
Author: Peter B. DixonPublisher: Newnes
ISBN: 0444536353
Category : Business & Economics
Languages : en
Pages : 1143
Book Description
In this collection of 17 articles, top scholars synthesize and analyze scholarship on this widely used tool of policy analysis, setting forth its accomplishments, difficulties, and means of implementation. Though CGE modeling does not play a prominent role in top US graduate schools, it is employed universally in the development of economic policy. This collection is particularly important because it presents a history of modeling applications and examines competing points of view. - Presents coherent summaries of CGE theories that inform major model types - Covers the construction of CGE databases, model solving, and computer-assisted interpretation of results - Shows how CGE modeling has made a contribution to economic policy
Handbook of Mathematical Economics: Historical introduction. Mathematical methods in economics
Author: Kenneth Joseph ArrowPublisher:
ISBN:
Category : Economics, Mathematical
Languages : en
Pages : 788
Book Description
V.1. Historical introduction. v.2. Mathematical approaches to microeconomic the ory. v.3. Mathematical approaches to welfare economics.