General Equilibrium Economics: Space, Time and Money (Revised edition)


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General equilibrium economics is among the most challenging fields in modern microeconomic theory. One problem with traditional general equilibrium theory has been that it assumes purely competitive market structures. This assumption limits its usefulness in interpreting modern economies whose dominant form of competition is differentiated oligopoly. This book focuses on this deficiency and proposes a means of moving toward an oligopolistic framework. It also examines the problems of deriving useful insights from large ...

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