Modern business cycle theory and growth theory uses stochastic dynamic general equilibrium models. In order to solve these models, economists need to use many mathematical tools. This book presents ...

Computational complexity and equilibrium analysis form an interrelated field at the crossroads of theoretical computer science and game theory. Researchers in this area investigate the intrinsic ...

Discover how competitive equilibrium balances supply and demand in markets, maximizing economic efficiency for profit-driven producers and value-seeking consumers.