General Equilibrium Models 233461-D
Wykład (WYK) Semestr letni 2020/21

Historical and methodological introduction

Edgeworth box examples. Definitions and assumptions. Welfare theorems

Welfare theorems.

Equilibrium existence. Local uniqueness in regular economies. Index.

Anything goes? Sonnenschein-Mantel-Debreu versus Brown-Matzkin theorems.

Foundations of general equilibrium I: cooperative games.

Foundations of general equilibrium II: non-cooperative games.

Arrow-Debreu and Radner equilibrium under uncertainty. Assets markets. (In)completness.

Arrow-Debreu and sequential equilibrium in time.

Moral hazard and adverse selection in general equilibrium.

Imperfect competition and public goods in general equilibrium.

Equiliria in infinite dimensional spaces.

Recursive equilibrium.

Equilibria in large economies.

Computing equilibria.