How Long to Read Core and Equilibria of a Large Economy. (PSME-5)

How Long Does it Take to Read Core and Equilibria of a Large Economy. (PSME-5)?

It takes the average reader 4 hours and 24 minutes to read Core and Equilibria of a Large Economy. (PSME-5) by Werner Hildenbrand

Assuming a reading speed of 250 words per minute. Learn more

Description

Can every allocation in the core of an economy be decentralized by a suitably chosen price system? Werner Hildenbrand shows that the answer is yes if the economy has "many" participating agents and if the influence of every individual agent on collective actions is "negligible." To give a general and precise definition of economics with this property he considers both economies with a continuum of agents, and a sequence of economies with an increasing number of participants. In both cases this leads to a measure theoretic formulation of economic equilibrium analysis. In the first part of the book the relevant mathematics is developed. In the second part the continuity and convexity properties of the total demand of a consumption sector are investigated. An important result is the equivalence between the core and the set of Walras equilibria for an exchange economy with a continuum of agents. The author then deals with limit theorems on the core for purely competitive sequences of exchange economies. In the last chapter the core and the set of Walras equilibria for a coalition production economy and the relation between these two equilibrium concepts are studied. Originally published in 1974. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

How long is Core and Equilibria of a Large Economy. (PSME-5)?

Core and Equilibria of a Large Economy. (PSME-5) by Werner Hildenbrand is 262 pages long, and a total of 66,024 words.

This makes it 88% the length of the average book. It also has 81% more words than the average book.

How Long Does it Take to Read Core and Equilibria of a Large Economy. (PSME-5) Aloud?

The average oral reading speed is 183 words per minute. This means it takes 6 hours to read Core and Equilibria of a Large Economy. (PSME-5) aloud.

What Reading Level is Core and Equilibria of a Large Economy. (PSME-5)?

Core and Equilibria of a Large Economy. (PSME-5) is suitable for students ages 12 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Core and Equilibria of a Large Economy. (PSME-5)?

Core and Equilibria of a Large Economy. (PSME-5) by Werner Hildenbrand is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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