Ebook: Essays in Dynamic General Equilibrium Theory: Festschrift for David Cass
- Tags: Economic Theory, Economics general, Game Theory Economics Social and Behav. Sciences
- Series: Studies in Economic Theory 20
- Year: 2005
- Publisher: Springer-Verlag Berlin Heidelberg
- Edition: 1
- Language: English
- pdf
This collection of essays honors David Cass on the 30th anniversary of his joining the faculty of the Department of Economics at the University of Pennsylvania. Prof. Cass’s work has spawned a number of important lines of research in Economics, including the study of dynamic general equilibrium, the concept of sunspot equilibria, and general equilibrium theory when markets are incomplete. These essays, by his students and co-authors, celebrate his work and his influence on the profession.
This collection of essays honors David Cass on the 30th anniversary of his joining the faculty of the Department of Economics at the University of Pennsylvania. Prof. Cass’s work has spawned a number of important lines of research in Economics, including the study of dynamic general equilibrium, the concept of sunspot equilibria, and general equilibrium theory when markets are incomplete. These essays, by his students and co-authors, celebrate his work and his influence on the profession.
This collection of essays honors David Cass on the 30th anniversary of his joining the faculty of the Department of Economics at the University of Pennsylvania. Prof. Cass’s work has spawned a number of important lines of research in Economics, including the study of dynamic general equilibrium, the concept of sunspot equilibria, and general equilibrium theory when markets are incomplete. These essays, by his students and co-authors, celebrate his work and his influence on the profession.
Content:
Front Matter....Pages I-IX
Monopoly Power and the Firm’s Valuation: A Dynamic Analysis of Short versus Long-Term Policies....Pages 1-34
Revealed Intertemporal Ineffciency....Pages 35-43
Volatility and Job Creation in the Knowledge Economy....Pages 45-74
Existence of Sunspot Equilibria and Uniqueness of Spot Market Equilibria: The Case of Intrinsically Complete Markets....Pages 75-106
Survival, Uncertainty, and Equilibrium Theory: An Exposition....Pages 107-128
On Price-Taking Behavior in Asymmetric Information Economies....Pages 129-142
Ambiguity aversion and the absence of indexed debt....Pages 143-179
Sunspots, Indeterminacy and Pareto Inefficiency in Economies With Incomplete Markets....Pages 181-201
Growth in Economies With Non Convexities: Sunspots and Lottery Equilibria, Theory and Examples....Pages 203-241
Shaking the Tree: An Agency-Theoretic Model of Asset Pricing....Pages 243-265
Central-Bank Interest-Rate Control in a Cashless, Arrow-Debreu Economy....Pages 267-273
This collection of essays honors David Cass on the 30th anniversary of his joining the faculty of the Department of Economics at the University of Pennsylvania. Prof. Cass’s work has spawned a number of important lines of research in Economics, including the study of dynamic general equilibrium, the concept of sunspot equilibria, and general equilibrium theory when markets are incomplete. These essays, by his students and co-authors, celebrate his work and his influence on the profession.
Content:
Front Matter....Pages I-IX
Monopoly Power and the Firm’s Valuation: A Dynamic Analysis of Short versus Long-Term Policies....Pages 1-34
Revealed Intertemporal Ineffciency....Pages 35-43
Volatility and Job Creation in the Knowledge Economy....Pages 45-74
Existence of Sunspot Equilibria and Uniqueness of Spot Market Equilibria: The Case of Intrinsically Complete Markets....Pages 75-106
Survival, Uncertainty, and Equilibrium Theory: An Exposition....Pages 107-128
On Price-Taking Behavior in Asymmetric Information Economies....Pages 129-142
Ambiguity aversion and the absence of indexed debt....Pages 143-179
Sunspots, Indeterminacy and Pareto Inefficiency in Economies With Incomplete Markets....Pages 181-201
Growth in Economies With Non Convexities: Sunspots and Lottery Equilibria, Theory and Examples....Pages 203-241
Shaking the Tree: An Agency-Theoretic Model of Asset Pricing....Pages 243-265
Central-Bank Interest-Rate Control in a Cashless, Arrow-Debreu Economy....Pages 267-273
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