This book focuses on the foundations of general equilibrium theory, more specifically on the existence, uniqueness, stability, optimality and comparative static properties of equilibrium states. It also explores the question of the empirical relevance of equilibrium states. It highlights a series of 'relationship conditions' which are essential for the existence of equilibrium, but appear in optimality results.
Description
Ch. 1. General equilibrium theory: an overview -- Ch. 2. Existence of equilibrium: sufficient conditions -- Ch. 3. Existence of equilibrium: necessary conditions -- Ch. 4. Equilibrium and irreducibility: some empirical evidence -- Ch. 5. Existence of equilibrium under alternative income conditions -- Ch. 6. Existence of walrasian equilibrium in some non-arrow-debreu environments -- Ch. 7. Uniqueness of equilibrium -- Ch. 8. Stability of equilibrium -- Ch. 9. Optimality of equilibrium -- Ch. 10. Comparative statics of equilibrium states -- Ch. 11. Empirical evidence on general equilibrium -- Ch. 12. General equilibrium theory in retrospect.