General Equilibrium, Growth and Trade: The Legacy of Lionel McKenzie v. 2

General Equilibrium, Growth and Trade: The Legacy of Lionel McKenzie v. 2

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This is a collection of papers prepared in honour of Lionel McKenzie, one of the most influential theorists of the post-war period. His research has been instrumental to the development of three of the most important fields of modern economics - general equilibrium, optimal growth and international trade. These papers originated from the conference held in McKenzie's honour in May 1989 in Rochester, New York, and were written by some of the leading economic researchers of our time including David Cass, Peter Hammond, Jess Benhabib, Andreas Hornstein, Edward Prescott, Yves Balasko and Karl Shell. Included in this volume are nine papers on general equilibrium, eight papers on optimal growth and seven papers on international trade.
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Product details

  • Hardback | 582 pages
  • 162 x 230 x 34mm | 1,030g
  • Academic Press Inc
  • San Diego, United States
  • English
  • index
  • 0120846551
  • 9780120846559

Table of contents

Part 1 General Equilibrium: M.A. Kahn, Lionel McKenzie on the existence of Competitive Equilibrium. S.N. Afriat, McKenzie and the Slutsky Coefficient. D. Cass, Real Indeterminacy from Imperfect Capital Markets: Two Addenda. P.J Hammond, Irreducibility, Resource Relatedness and Survival in Equilibrium with Individual Non-convexities. A. Hernandez and M.S. Santos, Incomplete Financial Markets with an Infinite Horizon. A. Rustichini and N.C. Yanellis, Commodity Pair Desirability and the Core Equivalence Theorem. K. Shell and Y. Balasko, Lump-Sum Taxation: The Static Economy. E. Zabel, Equilibrium, Stability and Price Adjustments in Competitive Markets. W.R. Zame, Asymptotic Behaviour of Asset Markets: Asymptotic Inefficiency. Part 2 Growth: J. Benhabib and K. Nishimurra, Endogenous Fertility and Growth. J. Benhabib and A. Rustichini, A Vintage Capital Model of Investment and Growth: Theory and Evidence. T.Bewley, Thoughts on Volatility Tests of the Intertemporal Asset Pricing Model. R.-A. Dana and L. Montrucchio, On Stationary Markovian Strategies in Dynamic Games. E.J. Dockner and H. Takahashi, Turnpike Properties and Comparative Dynamics of General Capital Accumulation Games. J.M. Fusselman and L.J. Mirman, Experimental Consumption for a General Class of Disturbance Densities. A. Hornstein and E.C. Prescott, The Firm and the Plant in General Equilibrium Theory. H. Wan, Jr, A Note on Boundary Optimal Paths. Part 3 International Trade: R.W. Jones, S. Marjit and T. Mitra. The Stolper-Samuelson Theorem: Links to Dominant Diagonals. E. Bond, Labour Mobility and Wage Rate Equalization. A. Conze, J-M. Lasry and J. Scheinkman, Borrowing Constraints and International Comovements. F. Dei, Multinational Corporations and Absolute Advantage: The Asymmetric Case. T. Ide and A. Takayama, Variable Returns to Scale and Dynamic Adjustments: The Marshall Lerner Conditions Reconsidered. Y. Uekawa, Tariff Protection with Imperfect Competition and Existence of the General Equilibrium Solutiion with Intra-industry Trade. M.Yano, International Transfers in Dynamic Economics.
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