General Competitive Analysis - 1st Edition - ISBN: 9781493302529, 9780080933559

General Competitive Analysis, Volume 12

1st Edition

Authors: Kenneth Arrow F.H. Hahn
Print ISBN: 9781493302529
eBook ISBN: 9780080933559
Imprint: North Holland
Published Date: 31st December 1983
Page Count: 468

Institutional Access

Table of Contents

Historical Introduction. Market Equilibrium: A First Approach. Production Decisions and the Boundedness of the Economy. Consumer Decisions and Efficient Allocations. The Existence of Competitive Equilibrium. General Equilibrium under Alternative Assumptions. Markets with Non-Convex Preferences. The Core of a Market Economy. The Uniqueness of Competitive Equilibrium. Comparing Equilibria. Introduction to Stability Analysis. Stability with Recontracting. Trading out of Equilibrium: A Pure Exchange Economy. The Keynesian Model. Mathematical Appendix A: Positive Matrices. Mathematical Appendix B: Convex and Related Sets. Mathematical Appendix C: Fixed Point Theorems and Related Combinatorial Algorithms. Indexes.


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© North Holland 1971
North Holland
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About the Author

Kenneth Arrow

Kenneth Arrow is the Joan Kenney Professor of Economics and Professor of Operations Research, emeritus; a CHP/PCOR fellow; and an FSI senior fellow by courtesy. He is the joint winner of the Nobel Memorial Prize in Economics with John Hicks in 1972. To date, he is the youngest person to have received this award, at 51. In economics, he is a figure in post-World War II neo-classical economic theory. Many of his former graduate students have gone on to win the Nobel Memorial Prize themselves. His most significant works are his contributions to social choice theory, notably "Arrow's impossibility theorem", and his work on general equilibrium analysis. He has also provided foundational work in many other areas of economics, including endogenous growth theory and the economics of information. He has been co-editor of the Handbooks in Economics series since the mid-1980s.

Affiliations and Expertise

Kenneth Arrow, Joan Kenney Professor of Economics and Professor of Operations Research, Emeritus, Stanford University, Stanford, CA, USA

F.H. Hahn

Affiliations and Expertise

University of Cambridge, Cambridge, UK


@qu:...Arrow and Hahn have provided a definitive analysis (of general equilibrium) that is likely to stand for some years to come ... The book ... is far and away the best and most definitive work on general equilibrium ... It is clearly a must for every economic theorist. @source:Journal of Economic Literature