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Peter A. Diamond - On Time: Lectures on Models of Equilibrium
Référence B-075-167
ISBN-10 0521462894
ISBN-13 9780521462891
Format Relié
Pages 136

Livre d'occasion

On Time: Lectures on Models of Equilibrium

de Peter A. Diamond

Édition 1994
Chez Cambridge University Press
B Bon
Ancien livre de bibliothèque. Edition 1994.
RÉSUMÉ

These two lectures explore how time is modeled in theoretical analyses of individual industries and of the entire economy. The atemporal Marshallian model is contrasted with an explicit time model with uncertainty about costs at the firm level. The book also examines data on job creation and job destruction; price setting behavior in monopolistic competition and costly search models; data on price changes; and both cyclical and seasonal data on the entire economy. With a focus on the command over purchasing power, the Arrow-Debreu and Hicksian ISLM models are compared with a number of explicit time models.

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