Essays in Honor of Kenneth J. Arrow

doi:10.1017/CBO9780511983542

Professor Kenneth J. Arrow is one of the most distinguished economic theorists. He has played a major role in shaping the subject and is honoured by the publication of three volumes of essays on economic theory. Each volume deals with a different area of economic theory. The books include contributions by some of the best economic theorists from the United Stated, Japan, Israel and Europe. This second volume is entitled Equilibrium Analysis and is divided into sections on general equilibrium and on the microfoundations of macroeconomics.

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Contents

Frontmatter
pp i-iv
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Contents of Volumes I, II, III
pp v-viii
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List of contributors
pp ix-x
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Editors' preface
pp xi-xii
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Kenneth J. Arrow
pp xiii-xviii
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Contents
pp xix-xx
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PART I - GENERAL EQUILIBRIUM
pp 1-2
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1 - A general equilibrium theory of North–South trade
pp 3-56
- By Graciela Chichilnisky, Columbia University
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2 - Soldiers of fortune?
pp 57-80
- By Theodore Bergstrom, University of Michigan
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3 - The dynamics of industrywide learning
pp 81-104
- By Nancy L. Stokey, Northwestern University
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4 - Decentralized trade in a credit economy
pp 105-120
- By Ross M. Starr, University of California, San Diego
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5 - Lump-sum taxes and transfers: public debt in the overlapping-generations model
pp 121-154
- By Yves Balasko, Université de Genève, Karl Shell, University of Pennsylvania
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6 - Coordination failure under complete markets with applications to effective demand
pp 155-176
- By Walter P. Heller, University of California, San Diego
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PART II - MICROFOUNDATIONS OF MACROECONOMICS
pp 177-178
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7 - Price flexibility, inventory behavior, and production responses
pp 179-218
- By Heinz Koenig, University of Mannheim, Marc Nerlove, University of Pennsylvania
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8 - On asymmetric information, unemployment, and inflexible wages
pp 219-250
- By Mordecai Kurz, Stanford University
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9 - Asymmetric adjustment costs and sectoral shifts
pp 251-264
- By Laurence Weiss, University of California, San Diego
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10 - Implicit contracts and risk aversion
pp 265-288
- By Takatoshi Ito, University of Minnesota
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11 - An exercise in non-Walrasian analysis
pp 289-300
- By Frank Hahn, Churchill College Cambridge
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12 - Monopolistic competition and the multiplier
pp 301-316
- By Robert M. Solow, Massachusetts Institute of Technology
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Author index
pp 317-318
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Contents

Frontmatter
pp i-iv

Contents of Volumes I, II, III
pp v-viii

List of contributors
pp ix-x

Editors' preface
pp xi-xii

Kenneth J. Arrow
pp xiii-xviii

Contents
pp xix-xx

PART I - GENERAL EQUILIBRIUM
pp 1-2

1 - A general equilibrium theory of North–South trade
pp 3-56

2 - Soldiers of fortune?
pp 57-80

3 - The dynamics of industrywide learning
pp 81-104

4 - Decentralized trade in a credit economy
pp 105-120

5 - Lump-sum taxes and transfers: public debt in the overlapping-generations model
pp 121-154

6 - Coordination failure under complete markets with applications to effective demand
pp 155-176

PART II - MICROFOUNDATIONS OF MACROECONOMICS
pp 177-178

7 - Price flexibility, inventory behavior, and production responses
pp 179-218

8 - On asymmetric information, unemployment, and inflexible wages
pp 219-250

9 - Asymmetric adjustment costs and sectoral shifts
pp 251-264

10 - Implicit contracts and risk aversion
pp 265-288

11 - An exercise in non-Walrasian analysis
pp 289-300

12 - Monopolistic competition and the multiplier
pp 301-316

Author index
pp 317-318

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Essays in Honor of Kenneth J. Arrow

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