General Equilibrium Analysis Of Production And Increasing Returns

Delve into the intricate world of economic theory with General Equilibrium Analysis Of Production And Increasing Returns by Takashi Suzuki. Published in 2009 by World Scientific Publishing Co Pte Ltd, this hardback edition spans 284 pages, offering a comprehensive exploration of general equilibrium theory beyond the traditional Walrasian framework. Suzuki's groundbreaking work demonstrates the existence of competitive equilibria characterized by increasing returns due to externalities within a dynamic economy. Additionally, it examines monopolistically competitive equilibria that arise from technologies with substantial set-up costs. This insightful analysis is essential for economists and scholars interested in advanced mathematical models and the complexities of economic equilibrium. Enhance your understanding of the interplay between production and economic returns with this pivotal text.