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 incre...
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In this clear and accessible book, an eminent political scientist offers a jargon-free introduction to the market system for all readers, with or without a background in economics. A balanced and...
Naar goedkoopste shop Vergelijk meer shopsP.W.S. Andrews was a pioneer of fieldwork-based analysis of the behaviour of firms and of the normal cost/mark-up approach to pricing in oligopolistic markets, as well as a significant participant in...
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