Indivisibilities: Microeconomic Theory With Respect To Indivisible Goods And Factors by Hagen BobzinIndivisibilities: Microeconomic Theory With Respect To Indivisible Goods And Factors by Hagen Bobzin

Indivisibilities: Microeconomic Theory With Respect To Indivisible Goods And Factors

byHagen Bobzin

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The analysis of this volume represents an attempt to apply modern mathematical techniques to the problems arising from large and significant indivisibilities. While the classical microeconomic theory refers to assumptions about the convexity of production sets and consumer preferences, this book directs the attention to indivisible commodities. It investigates the influence of the assumed indivisibilities of factors and goods on the results of the microeconomic theory of the firm, the theory of the household and market theory.
Title:Indivisibilities: Microeconomic Theory With Respect To Indivisible Goods And FactorsFormat:PaperbackDimensions:374 pages

The following ISBNs are associated with this title:

ISBN - 10:3790811238

ISBN - 13:9783790811230

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Table of Contents

Microeconomic Theory with Respect to Indivisibilities.- Microeconomic Foundations: Axiomatic Characterization of Individual Economic Agents; Theory of the Firm; Summary; Appendix.- Microeconomic Theroy of Individual Agents: The Cost Structure of a Firm; Alternative Representation of the Firm's Cost Structure; Optimal Activities in the Theory of the Household.- Theory of Market Equilibria: The Problem of General Equilibria; Existence of Competitive Equilibria; Generalization of the Model of an Exchange Economy.- Critique.- Mathematical Appendix.