倫敦經(jīng)濟(jì)學(xué)院高微講義-一般均衡(1)(已修改)
2024-10-30 11:16 本頁面
【正文】 Microeconomics General Equilibrium: a manyperson economy Excess Demand Decentralisation and Trade A manyperson economy Robinson Crusoe39。s Problem General Equilibrium Why pricetaking? Overview... ? There39。s only one economic actor ? Therefore there can be no interaction ? Prices are either exogenous (from the mainland? the world? Mars?) or hypothetical Why is Robinson Crusoe so boring? ? Many actors in the economy... ? ...and the possibility of their interaction. ? The endogenisation of prices in the economy. ? But what do we mean by an economy...? Onward from Crusoe... These encapsulate almost all the steps in the course so far resource stocks technology people39。s tastes Three major ponents ? Resources nh of these ? Households (preferences) U1, U2 ,... ? Firms (technologies) F1, F2 ,... nf of these n of these R1 , R2 ,... What is an economy? General equilibrium Robinson Crusoe’s problem Decentrali sation and Trade A manyperson Economy Why pricetaking? Excess demand Ines Equilibrium Allocations A manyperson economy of consumption baskets for each household... Think of this as two collections ...and of outputs for each firm. … like this. [x1, x2, x3,... ] [y1, y2, y3,... ] The state of an economy is described by an allocation... Formally, an allocation is.
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