|
|
|
|
|
|
1 |
|
|
|
Existence and Optimality of General Equilibrium |
|
|
|
- * D. Kreps. A Course in Microeconomic Theory. Chaps. 6 and 8.
- * H. Varian. Microeconomic Analysis. Chaps. 17, 18, 21.2, and 21.3
- * A. Mas-Colell, M. Whinston, and J. Green. Microeconomic Theory. Chaps. 10, 15, 16, and 17.
- G. Debreu. Theory of Value.
- K. Arrow and F. Hahn. General Competitive Analysis.
- A. Mas-Colell. The Theory of General Economic Equilibrium: A Differentiable Approach.
- * P. Diamond and D. McFadden. "Some Uses of the Expenditure Function in Public Finance."
- * W. Moss. "Some Uses of the Expenditure Function in Public Finance: A Comment."
- C. Blackorby. "Economic policy in a second-best environment."
- F. Gul and E. Stacchetti. Walrasian Equilibrium with Gross Substitutes.
|
|
|
|
|
|
|
|
|
|
|
|
|
2 |
|
|
|
The Core and Convergence Theorem |
|
|
|
- * Mas-Colell, Whinston, and Green, Chap. 18B.
- W. Hildenbrand and A. Kirman. Equilibrium Analysis. Chap. 1.
- G. Debreu and H. Scarf. "A Limit Theorem on the Core of an Economy."
|
|
|
|
|
|
|
|
|
|
|
|
|
3 |
|
|
|
Arrow's Impossibility Theorem |
|
|
|
- * Kreps. Chap. 5.
- * Mas-Colell, Whinston, and Green. Chap. 21A-C.
- K. Arrow. Social Choice and Individual Values.
- A. Sen. "Social Choice."
- J. Geanakoplos. Three Brief Proofs of Arrow's Impossibility Theorem.
- L. Ubeda. "Condorcet Paradox and Arrow's Impossibility Theorem."
|
|
|
|
|
|
|
|
|
|
|
|
|
4 |
|
|
|
Externalities and Public Goods |
|
|
|
- * Kreps. Chaps. 6 and 8.
- * Varian. Chaps. 23 and 24.
- * Mas-Colell, Whinston, and Green. Chap. 11.
- * P. Dasgupta and G. Heal. Economic Theory and Exhaustible Resources. Chap. 3.
- * J. Farrell. "Information and the Coase Theorem."
- * P. Diamond. "Consumption Externalities and Imperfect Corrective Pricing."
- * A. Dixit and M. Olson. "Does Voluntary Participation Undermine the Coase Theorem?"
- * L. Kaplow and S. Shavell. "On the Superiority of Corrective Taxes to Quantity Regulation."
- J. Green and E. Sheshinski. "Direct vs. Indirect Remedies for Externalities."
- E. Sheshinski. "Note on Atmosphere Externality and Corrective Taxes."
- R. G. Lipsey and K. Lancaster. "The general theory of the second-best."
- M. Weitzman. "Free Access vs. Private Ownership as Alternative Systems for Managing Common Property."
- M. Weitzman. "Prices vs. Quantities."
- R. Coase. "The Problem of Social Cost."
- J. J. Laffont. Fundamentals of Public Economics. Chap. 1.
|
|
|
|
|
|
|
|
|
|
|
|
|
5 |
|
|
|
Intertemporal Competitive Equilibrium |
|
|
|
- * Kreps. Chap. 6, Section 5.
- * Varian. Chap. 19.
- * Mas-Colell, Whinston, and Green. Chap. 20.
|
|
|
|
|
|
|
|
|
|
|
|
|
6 |
|
|
|
Uncertainty with Complete Markets |
|
|
|
- * Varian. Chap. 6, Section 5.
- * Varian. Chap. 20.
- * Mas-Colell, Whinston, and Green. Chap. 19, Parts A-E.
- K. Arrow. "The Role of Securities in the Optimal Allocation of Risk-Bearing."
- G. Debreu. "Theory of Value." In Uncertainty in Economics: Readings and Exercises. Edited by Peter A. Diamond and Michael Rothschild.
- P. Dasgupta and G. Heal. Chaps. 4 and 6.
- J. Hirshleifer and J. G. Riley. The Analytics of Uncertainty and Information.
- E. Malinvaud. "The Allocation of Small Risks in Large Markets."
- J. J. Laffont. The Economics of Uncertainty and Information.
|
|
|
|
|
|
|
|
|
|
|
|
|
7 |
|
|
|
Incomplete Markets |
|
|
|
- * P. Diamond. "The Role of a Stock Market in a General Equilibrium Model with Technological Uncertainty."
- * Mas-Colell, Whinston, and Green. Chap. 19, Parts F and G.
- * P. Diamond. "Efficiency with Uncertain Supply."
- * J. Hirshleifer. "The Private and Social Value of Information and the Reward to Inventive Activity."
- Michael Magill and Martine Quinzii. Theory of Incomplete Markets.
- O. Hart. "On the Optimality of Equilibrium When the Market Structure Is Incomplete."
- L. H. Loong and R. Zeckhauser. "Pecuniary Externalities do Matter When Contingent Claims Markets are Incomplete."
- J. Stiglitz. "The Inefficiency of Stock Market Equilibrium."
- J. Geanakoplos. "An Introduction to General Equilibrium with Incomplete Asset Markets."
- L. Makowski. "Perfect Competition, The Profit Criterion, and the Organization of Economic Activity."
- D. Acemoglu and F. Zilibotti. "Was Prometheus Unbound by Chance? Risk, Diversification and Growth."
- A. Bisin. "General Equilibrium and Endogenously Incomplete Financial Markets."
|
|
|
|
|
|
|