Equilibrium and Disequilibrium: A Quantitative Analysis of Economic Interaction

By: ALLINGHAM, Michael

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Equilibrium and Disequilibrium: A Quantitative Analysis of Economic Interaction by ALLINGHAM, Michael
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Ballinger Publishing Co., 1973. Hardcover. Spine of dj a touch sunned o/wise good condition. Out of print. Scarce. An in-depth original study of the concept of equilibrium theory organized in three sections. The first "...considers the general nature of the problem and its comcepts, & gives a well defined but abstract model in which the formation of equilibrium is explained. The second section applies the abstract concepts already developed to a concrete economy...[and the third] uses the tools already developed to obtain some partial & general equilibrium properties by 'solving' the various agents' models individually..." Also examines "...two potential applications of the theory, one having to do with decentralized planning and the second having to do with collusion and exploitation". 160pp. 7542 .

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