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Core and Equilibria of a Large Economy. (PSME-5)
part of the Princeton Legacy Library series
part of the Princeton Studies in Mathematical Economics series
- Binding:
- Paperback
- Pages:
- 262
- Published:
- March 7, 2015
- Dimensions:
- 157x235x19 mm.
- Weight:
- 404 g.
Delivery:
2-4 weeks
Expected delivery: December 5, 2024
Description of Core and Equilibria of a Large Economy. (PSME-5)
Can every allocation in the core of an economy be decentralized by a suitably chosen price system? Werner Hildenbrand shows that the answer is yes if the economy has "many" participating agents and if the influence of every individual agent on collective actions is "negligible." To give a general and precise definition of economics with this proper
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