Equilibrium Welfare and Uncertainty

Majumdar Mukul has been a recognized authority in the field of general equilibrium theory for some years now. In this important new book, he takes the pulse of the field still fundamental to economic theory as a whole.Topics covered include Pareto optimality, Cournot-Nash equilibrium, mechanism design and, in particular, concepts of uncertainty. The book provides a clear analysis of the efficiency nature of general equilibrium.