General Equilibrium, Overlapping Generations Models, and Optimal Growth Theory
By (author) Truman F. Bewley
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General Equilibrium, Overlapping Generations Models, and Optimal Growth Theory by Truman F. Bewley
Book DescriptionThis book presents an original exposition of general equilibrium theory for advanced undergraduate and graduate-level students of economics. It contains detailed discussions of economic efficiency, competitive equilibrium, the first and second welfare theorems, the Kuhn-Tucker approach to general equilibrium, the Arrow-Debreu model, and rational expectations equilibrium and the permanent income hypothesis. Truman Bewley also treats optimal growth and overlapping generations models as special cases of the general equilibrium model. He uses the model and the first and second welfare theorems to explain the main ideas of insurance, capital theory, growth theory, and social security. It enables him to present a unified approach to portions of macro- as well as micro-economic theory. The book contains problems sets for most chapters.
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Book DetailsISBN: 9780674022881
(235mm x 162mm x 38mm)
Imprint: Harvard University Press
Publisher: Harvard University Press
Publish Date: 2-Mar-2007
Country of Publication: United States
Books By Author Truman F. Bewley
Solutions Manual for General Equilibrium, Overlapping Generations Models, and Optimal Growth Theory, Paperback (June 2011)
The Solutions Manual contains answers to problems in General Equilibrium, Overlapping Generations Models, and Optimal Growth Theory. Truman F. Bewley's book--a cornerstone of microeconomics, general equilibrium theory, and mathematical economics courses--covers the main premises behind insurance, capital theory, growth theory, and social security.
Why Wages Don't Fall During a Recession, Paperback (September 2002)
A question in economics is why, unlike other prices, wages and salaries don't fall during recessions? The author explored the puzzle by interviewing - during the recession of the early 1990s - over 300 business executives and labour leaders as well as professional recruiters.
Advances in Econometrics, Paperback (November 1994)
With its focus on econometrics, this second volume contains key papers delivered at the Fifth World Congress in 1985.
Advances in Econometrics: Volume 1, Paperback (June 1994)» View all books by Truman F. Bewley
With its focus on econometrics, this volume contains key papers delivered at the Fifth World Congress in 1985.
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Author Biography - Truman F. Bewley
Truman F. Bewley is Alfred Cowles Professor of Economics at Yale University.
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