On Time: Lectures on Models of Equilibrium (Churchill...

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On Time: Lectures on Models of Equilibrium (Churchill Lectures in Economics)

Name: On Time: Lectures on Models of Equilibrium (Churchill Lectures in Economics)
ISBN: 9780521119764

Peter A. Diamond

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These two lectures explore how time is modeled in theoretical analyses of individual industries and of the entire economy. The atemporal Marshallian model is contrasted with an explicit time model with uncertainty about costs at the firm level. The book also examines data on job creation and job destruction; price setting behavior in monopolistic competition and costly search models; data on price changes; and both cyclical and seasonal data on the entire economy. With a focus on the command over purchasing power, the Arrow-Debreu and Hicksian ISLM models are compared with a number of explicit time models.

Thể loại:

Business & Economics

Năm:

2009

In lần thứ:

Ngôn ngữ:

english

Trang:

136

ISBN 10:

0521119766

ISBN 13: