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General Equilibrium, Overlapping Generations Models, and Optimal Growth Theory
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General Equilibrium, Overlapping Generations Models, and Optimal Growth Theory
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General Equilibrium, Overlapping Generations Models, and Optimal Growth TheoryThis 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
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General Equilibrium, Overlapping Generations Models, and Optimal Growth Theory
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