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More General Smithian Models

In: Inframarginal Economics

Author

Listed:
  • Xiaokai Yang

    (University of New South Wales, Australia)

  • Wai-Man Liu

    (University of New South Wales, Australia)

Abstract

The following sections are included:Theoretical Foundation of Inframarginal EconomicsA General Smithian Model with ex ante Different Consumer-producersThe Existence of a Competitive EquilibriumEquilibrium Organism and Efficiency of the Invisible Hand in Coordinating Division of LaborFurther Reading

Suggested Citation

  • Xiaokai Yang & Wai-Man Liu, 2008. "More General Smithian Models," World Scientific Book Chapters, in: Inframarginal Economics, chapter 4, pages 91-109, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789812837929_0004
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    More about this item

    Keywords

    Inframarginal Economics; Inframarginal Analysis; Division of Labor; Specialization; Network Effects; Smithian Framework; Transaction Costs;
    All these keywords.

    JEL classification:

    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General

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