倫敦經(jīng)濟學(xué)院高微講義-一般均衡(1)-文庫吧
2025-09-19 11:16 本頁面
【正文】 .. ? A collection of bundles (one for each household) ? A collection of output vectors (one for each firm) ? A set of prices (used by households and firms) p [xh] [yf] profitmaximising utilitymaximising ..and a petitive allocation is... p yf(p) (profit maximisation) { ):f=1,2,...,nf} Each firm39。s behavioural response maps prices into outputs p,Mh xh(p) (utility maximisation) { ):h=1,2,...,nh} Each household39。s behavioural response maps prices and ines into demands The allocation a just a minute! where do these ines e from??? How does a petitive allocation work? General equilibrium Robinson Crusoe’s problem Decentrali sation and Trade A manyperson Economy Why pricetaking? Excess demand Ines Equilibrium Allocations A manyperson economy ownership rights of everything on the island Where did 39。s ine e from...? ? Resources R1h, R2h, ... V1h, V2h, ... ? Shares in firms39。 profits So what does household h possess? 0?Vfh?1 Rih?0 ? Resources ? Shares in firms ? Net outputs ? Prices Profits Rents let39。s look at the role of prices Ines Net outputs depend on prices... yif = yif(p) (supply of outputs) P f(p):= S pi yif(p) n i=1 directly indirectly And so profits depend on prices... ...and Ines = resource rents + profits Mh = S pi Rih
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