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Home > Business and Economics > Economics > Economic theory and philosophy > Equilibrium, Markets and Dynamics: Essays in Honour of Claus Weddepohl
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Equilibrium, Markets and Dynamics: Essays in Honour of Claus Weddepohl

Equilibrium, Markets and Dynamics: Essays in Honour of Claus Weddepohl


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About the Book

This book offers insight into the current developments in mathematical economics. The book is intended for a broad audience and technicalities are kept to a minimum. The issues addressed include general equilibrium, price competition, auctions, environmental policy, networks, dynamic (in)stability and bounded rationality. Moreover, the book contains a survey and appraisal of the work of Claus Weddepohl, to whom the volume is dedicated. In his academic career, Claus Weddepohl made important contributions to the development of mathematical economics. He did so in his own writings on general equilibrium theory, the theory of markets and on economic dynamics. He was also a stimulating teacher and inspired the scientific research of many of his colleagues.

Table of Contents:
Claus Weddepohl: the First Dutch Mathematical Economist.- 1 Introduction.- 2 Axiomatic Choice Theory.- 3 General Competitive Equilibrium.- 4 Non-Walrasian Equilibria.- 5 Overlapping Generations.- 6 Markets.- 7 Price Dynamics.- 8 Final Remarks.- Publication of H.N. Weddepohl.- Equilibrium.- Indeterminateness of Equilibria and Macroeconomics.- Equilibrium Properties of Status Seeking and Conformism.- Recent Criticism of General Equilibrium Theory.- Coordinating Thoughts on Coordination Failures.- Dynamic Implementation of Competitive Equilibria in Renegotiation Proof Equilibrium.- On the Economics of Managing and Returns to Communications Technology.- Dynamic Adjustment of Supply Constrained Disequilibria to Walrasian Equilibrium.- A General Equilibrium of Managed Services.- Markets.- Undesired Goods in Applied Demand Analysis.- Animal Communication.- Still Searching for Bertrand Equilibrium.- Environmental Policy and Bertrand Competition: a General Equilibrium Approach.- Retiring Rich.- Scope for Defined Contribution.- Dynamics.- On the Possibility of Economic Dynamics.- A Bifurcation in an Overlapping Generations Model.- Heterogeneous Beliefs and Routes to Complex Dynamics in Asset Pricing Models with Price Contingent Contracts.- Why Are There Nowadays only a Few Articles on Matrices in Economic Journals?.- Learning in Networks.- Imitation of Cooperation in Prisoner’s Dilemma Games with Some Local Interaction.- Bubbles and Long Range Dependence in Asset Prices Volatilities.- Nonlinear Dynamics and the Stability of Competitive Equilibria.

Review :
From the reviews: "It is ! a special kind of collection, 'Essays in Honour' -- or festchrifts as some like to call them. Here the unifying idea is not a special topic but a person and his academic life. Interesting and productive lifes, such as Claus Weddepohl's, make it easier to produce a simulating book and the editors did not miss the opportunity. ! I found reading this book a fruitful experience and I recommend it especially to younger colleagues." (Alfredo Medio, Journal of Economic Behavior and Organization, Vol. 58, 2005)


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Product Details
  • ISBN-13: 9783540434702
  • Publisher: Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
  • Publisher Imprint: Springer-Verlag Berlin and Heidelberg GmbH & Co. K
  • Height: 235 mm
  • No of Pages: 344
  • Returnable: N
  • Width: 155 mm
  • ISBN-10: 3540434704
  • Publisher Date: 14 May 2002
  • Binding: Hardback
  • Language: English
  • Returnable: Y
  • Sub Title: Essays in Honour of Claus Weddepohl


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