Competitive Equilibrium: Theory and Applications

by Bryan Ellickson

The development of general equilibrium theory represents one of the greatest advances in economic analysis in the latter half of the twentieth century. This book, intended for advanced undergraduates and graduate students, provides a broad introduction to competitive equilibrium analysis with an emphasis on concrete applications. The coverage is exceptionally broad, including existence of equilibrium, models with a continuum of players, economies with individual commodities, computation of equilibrium, and infinite dimensional space. Well-designed and interesting applications help to make potentially abstract material more accessible.

Paperback

First published January 28, 1994