General Equilibrium Theory : An Introduction by Starr, Ross M - 1997

UK: Cambridge, 1997. Hardcover. New/No Jacket. New. Book is sealed in plastic. "Ross Starr has performed a major service in preparing his introductory and yet fully self-contained textbook on general equilibrium theory. His graceful yet rigorous exposition will provide the student with a full coverage of the basic issues. The learning process is enhanced by the excellent and stimulating exercises." - Kenneth J. Arrow, Stanford University "This slim volume contains all that a newcomer to general equilibrium theory can be expected to learn. The exposition is simple and clear without sacrifice of rigor." - Frank Hahn, University of Cambridge and University of Siena "Ross Starr's well-organized, rigorous introduction to the theory of general equilibrium serves as a useful handbook for those specializing in mathematical economics as well as an elementary textbook for students." - Hirofumi Uzawa, Research Center on Global Warming, Japan Development Bank General Equilibrium Theory: An Introduction treats the classic Arrow-Debreu general equilibrium model in a form accessible to graduate students and advanced undergraduates in economics and mathematics. Topics covered include mathematical preliminaries, the household and firm, existence of general equilibrium, Pareto efficiency of general equilibrium, the First and Second Fundamental Theorems of Welfare Economics, the core and core convergence, futures markets over time, and contingent commodity markets under uncertainty. Demand, supply, and excess demand appear first as (point-valued) functions, then optionally as (set-valued) correspondences. The mathematics presented (with elementary proofs of the theorems) includes real analysis, the Brouwer Fixed-Point Theorem, and separating and supporting hyperplane theorems. The treatment emphasizes clarity and accessibility to the student through use of examples and intuition. Ross M. Starr is Professor of Economics at the University of California, San Diego. He has also taught at the London School of Economics, Yale University, and the People's University of China, Beijing. Professor Starr is the editor of General Equilibrium Models of Monetary Economies (1989) and coeditor of the three-volume Essays in Honor of Kenneth Arrow (Cambridge University Press, 1986). His articles have appeared in Econometrica, Economic Theory, Journal of Econom ic Theory, Journal of Money, Credit and Banking, Quarterly Journal of Economics, and Review of Economic Studies.