The Medieval Village Economy: A Study of the Pareto Mapping in General Equilibrium Models

by Robert M. Townsend

Robert Townsend has made path-breaking contributions to contract theory and general equilibrium analysis. In this book, he combines the theory of general economic equilibrium with the notion that allocations and institutions of a given economy might be Pareto optimal to try to explain various salient features of the medieval village economy. The medieval village economy in many ways reflects the economies of poor high-risk agrarian villages of the...

• Format: Hardcover
• Language: English
• ISBN: 0691042705
• ISBN13: 9780691042701
• Release Date: July 1993
• Publisher: Princeton University Press
• Length: 180 Pages
• Weight: 1.00 lbs.
• Dimensions: 0.7" x 6.4" x 9.6"