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Topological Methods in Walrasian Economics

Topological Methods in Walrasian Economics


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About the Book

In winter 71/72 I held a seminar on general equilibrium theory for a jOint group of students in mathematics and in econo- mics at the university of Bonn, w.Germany1 The economists, how- ever, had a mathematical background well above the average - Most of the material treated in that seminar is described in these notes. The connection between smooth preferences and smooth demand func- tions [ see Debreu (1972) ] and regular economies based on agents with smooth preferences are not presented here - Some pedagogical difficulties arose from the fact that elementary knowledge of algebraic topology is not assumed although it is helpful and indeed necessary to make some arguments precise - It is only a minor restriction, at present, that functional ana- lysis is not used - But with the development of the theory more economic questions will be considered in their natural infinite dimensional setting - Economic knowledge is not required, but especially a reader without economic background will gain much by reading Debreu's classic "Theory of Value" (1959) - Although the formulation of our economic problem uses a map between Euclidean spaces only, we shall also consider ma- folds - Manifolds appear in our situation because inverse images under differentiable mappings between Euclidean spaces are very often differentiable manifolds - ( Under differentiability assump- tions, for instance, the graph of the equilibrium set correspon-


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Product Details
  • ISBN-13: 9783540066224
  • Publisher: Springer
  • Publisher Imprint: Springer
  • Edition: Softcover reprint of the original 1st ed. 1974
  • Language: English
  • Returnable: Y
  • Spine Width: 8 mm
  • Width: 170 mm
  • ISBN-10: 3540066225
  • Publisher Date: 15 Feb 1974
  • Binding: Paperback
  • Height: 244 mm
  • No of Pages: 131
  • Series Title: Lecture Notes in Economic and Mathematical Systems
  • Weight: 286 gr


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