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In his book žMarktform und Gleichgewicht, published initially in 1934, Heinrich von Stackelberg presented his groundbreaking leadership model of firm competition. In a work of great originality and richness, he described and analyzed a market situation in which the leader firm moves first and the follower firms then move sequentially. This game-theoretic model, now widely known as Stackelberg competition, has had tremendous impact on the theory of the firm and economic analysis in general, and has been applied to study decision-making in various fields of business. As the first translation of von Stackelberg's book into English, this volume makes his classic work available in its original form to an English-speaking audience for the very first time.

speltheorie --- Operational research. Game theory --- Equilibrium (Economics) --- Industrial organization (Economic theory) --- 330.01 --- AA / International- internationaal --- Industrial economics --- Market structure --- Microeconomics --- DGE (Economics) --- Disequilibrium (Economics) --- DSGE (Economics) --- Dynamic stochastic general equilibrium (Economics) --- Economic equilibrium --- General equilibrium (Economics) --- Partial equilibrium (Economics) --- SDGE (Economic theory) --- Economics --- Statics and dynamics (Social sciences) --- Theorie van het economisch evenwicht

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2010 marks the hundredth anniversary of the death of Léon Walras, the brilliant originator and first formaliser of general equilibrium theory - one of the pillars of modern economic theory. In advancing much derided practical solutions Walras also displayed more concern for the problems of living in a second best world than is common in modern pure theories of the invisible hand, efficient market hypothesis, DSGE macroeconomics or the thinking of some contemporary free market admirers all based on general equilibrium theory.This book brings contributions from the likes of Kenn

Economic schools --- Walras, Léon --- Equilibrium (Economics) --- Walras, Léon, --- AA / International- internationaal --- 330.01 --- 339.5 --- Disequilibrium (Economics) --- Economic equilibrium --- General equilibrium (Economics) --- Partial equilibrium (Economics) --- Economics --- Stagnation (Economics) --- Statics and dynamics (Social sciences) --- Theorie van het economisch evenwicht. --- Walras, Marie Esprit Léon, --- DGE (Economics) --- DSGE (Economics) --- Dynamic stochastic general equilibrium (Economics) --- SDGE (Economic theory) --- Theorie van het economisch evenwicht --- Walras, Léon, --- Walras, Léon, - 1834-1910

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The concept of general equilibrium, one of the central components of economic theory, explains the behavior of supply, demand, and prices by showing that supply and demand exist in balance through pricing mechanisms. The mathematical tools and properties for this theory have developed over time to accommodate and incorporate developments in economic theory, from multiple markets and economic agents to theories of production. Yves Balasko offers an extensive, up-to-date look at the standard theory of general equilibrium, to which he has been a major contributor. This book explains how the equilibrium manifold approach can be usefully applied to the general equilibrium model, from basic consumer theory and exchange economies to models with private ownership of production. Balasko examines properties of the standard general equilibrium model that are beyond traditional existence and optimality. He applies the theory of smooth manifolds and mappings to the multiplicity of equilibrium solutions and related discontinuities of market prices. The economic concepts and differential topology methods presented in this book are accessible, clear, and relevant, and no prior knowledge of economic theory is necessary. General Equilibrium Theory of Value offers a comprehensive foundation for the most current models of economic theory and is ideally suited for graduate economics students, advanced undergraduates in mathematics, and researchers in the field.

Microeconomics --- Value --- Equilibrium (Economics) --- AA / International- internationaal --- 330.01 --- 380.1 --- Theorie van het economisch evenwicht. --- Waardeleer. --- Standard of value --- Cost --- Economics --- Exchange --- Wealth --- Prices --- Supply and demand --- DGE (Economics) --- Disequilibrium (Economics) --- DSGE (Economics) --- Dynamic stochastic general equilibrium (Economics) --- Economic equilibrium --- General equilibrium (Economics) --- Partial equilibrium (Economics) --- SDGE (Economic theory) --- Statics and dynamics (Social sciences) --- Theorie van het economisch evenwicht --- Waardeleer --- E-books --- Value. --- Jacobian matrix. --- Slutsky matrices. --- Walras law. --- aggregate excess demand. --- budget constraint. --- classical consumer theory. --- competitive markets. --- constant returns. --- constrained utility maximization. --- consumer demand. --- consumer preferences. --- consumer theory. --- consumers. --- consumption. --- decreasing returns. --- demand functions. --- demand. --- economic agents. --- economic theory. --- economy. --- equilibrium manifold. --- equilibrium solutions. --- exchange model. --- firm. --- firms. --- general equilibrium model. --- general equilibrium models. --- general equilibrium. --- global coordinate system. --- linear spaces. --- maximization. --- modern economies. --- natural projection. --- net supply correspondence. --- no-trade equilibria. --- no-trade equilibrium. --- prices. --- pricing mechanisms. --- private owership. --- private ownership. --- privately owned firms. --- production set. --- production. --- profits. --- properness. --- regular economies. --- revealed preferences. --- scale firms. --- scale forms. --- smooth manifold. --- smooth manifolds. --- smooth production. --- standard model. --- supply functions. --- supply. --- utility functions. --- utility maximization.

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Variations in the foreign exchange market influence all aspects of the world economy, and understanding these dynamics is one of the great challenges of international economics. This book provides a new, comprehensive, and in-depth examination of the standard theories and latest research in exchange-rate economics. Covering a vast swath of theoretical and empirical work, the book explores established theories of exchange-rate determination using macroeconomic fundamentals, and presents unique microbased approaches that combine the insights of microstructure models with the macroeconomic forces.

Foreign exchange rates. --- Foreign exchange market. --- Aggregate demand. --- Algorithmic trading. --- Approximation. --- Arbitrage. --- Ask price. --- Asset. --- Autocorrelation. --- Balance of trade. --- Basis Point. --- Bid price. --- Brokerage firm. --- Budget constraint. --- Calculation. --- Central bank. --- Coefficient. --- Conditional expectation. --- Consumption (economics). --- Covariance matrix. --- Currency pair. --- Currency. --- Customer. --- Day trading. --- Depreciation. --- Determinant. --- Determination. --- Discounts and allowances. --- Dividend. --- Dollar Price. --- Economic equilibrium. --- Economics. --- Economy. --- Elasticity of substitution. --- Estimation. --- Exchange rate. --- Expected value. --- Financial asset. --- Forecast error. --- Forecasting. --- General equilibrium theory. --- Government bond. --- Hedge fund. --- Household. --- Impulse response. --- Income. --- Inference. --- Inflation. --- Interest rate parity. --- Interest rate. --- Interest. --- International economics. --- Investment. --- Investor. --- Kalman filter. --- Limit price. --- Long run and short run. --- Macroeconomics. --- Marginal utility. --- Market clearing. --- Market liquidity. --- Market participant. --- Monetary policy. --- Money market. --- Money supply. --- Nominal interest rate. --- Output gap. --- Prediction. --- Present value. --- Price Change. --- Price fixing. --- Price index. --- Price level. --- Pricing. --- Probability. --- Production function. --- Purchase order. --- Purchasing power parity. --- Rate base (utility). --- Rate of return. --- Rational expectations. --- Real interest rate. --- Real versus nominal value (economics). --- Risk aversion. --- Risk premium. --- Spot contract. --- Spot market. --- Standard deviation. --- Standard error. --- Statistic. --- Statistical significance. --- Stochastic discount factor. --- Supply (economics). --- Taylor rule. --- Time series. --- Trader (finance). --- Trading strategy. --- Value (economics). --- Variance. --- Wealth. --- World economy.