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Hardcover A Search-Equilibrium Approach to the Micro Foundations of Macroeconomics Book
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ISBN: 026204076X

ISBN13: 9780262040761

A Search-Equilibrium Approach to the Micro Foundations of Macroeconomics

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This book presents the second in the renewed Wicksell Lecture Series, sponsored by the Swedish Economic Association. In it, Peter A. Diamond discusses search equilibrium as a framework for integrating micro and macroeconomics. He first presents a formal model which addresses the difficulty and cost of coordinating trade (finding a trade partner) and notes the impact of costly trade coordination on production decisions. He then relates the model to...

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Format: Hardcover

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