On Time: Lectures on Models of Equilibrium

by Peter Diamond and Peter A. Diamond

Book Overview

In these two lectures, first published in 1994, Peter Diamond explores how time is modelled in theoretical analyses of individual industries and of an entire economy. In the first lecture he considers equilibrium in a single market by examining the distinction between the short run and the long run in Marshallian analysis. He proposes an explicit modelling of time in place of Marshall's use of different atemporal models for different time frames...

• Format: Paperback
• Language: English
• ISBN: 0521119766
• ISBN13: 9780521119764
• Release Date: September 2009
• Publisher: Cambridge University Press
• Length: 136 Pages
• Weight: 0.40 lbs.
• Dimensions: 0.2" x 5.4" x 8.5"