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Fundamental theorems of welfare economics
Social sciences
Economics
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Related lectures (16)
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Asset Pricing: Equilibrium and Pareto Optimality
Explores equilibrium and Pareto optimality in asset pricing theory, emphasizing market equilibrium conditions and welfare theorems.
Market Dynamics: Social Welfare and Economic Models
Examines the interplay between market dynamics and social welfare, highlighting the roles of willingness to pay and willingness to accept in economic models.
Untitled
Multi-objective Optimization
Introduces multi-objective optimization, explaining dominance, Pareto optimality, and the Pareto frontier.
Basics: Market
Covers market equilibrium, price adjustments, social welfare, and the importance of the market model.
Cost-Benefit Analysis: Foundations and Applications
Covers the foundations and limitations of cost-benefit analysis, exploring decision rules, principles, and applications in public policy debates.
Power System Restructuring & Deregulation
Covers energy contracts, market mechanisms, locational marginal pricing, and congestion management in power systems.
Timing and Performance Analysis: Model Checking
Covers timing and performance analysis using model checking and multiple objective scheduling.
Market Failures and State Interventions
Covers market failures, state interventions, public goods, externalities, and natural monopolies.
Concept Selection and Tradespace Exploration
Covers decision analysis, concept selection methods, non-dominance, and optimization in system design.
Optimization and Simulation
Explores optimization, simulation, heuristics, and Pareto solutions in multi-objective problems.
Energy Conversion Methods
Covers energy system, numerical methods, Newton-Raphson, convergence, and efficient equation solving.
Untitled
Equilibrium State Prices Determination
Explains the determination of equilibrium state prices in asset pricing through consumption market clearing and budget constraints.
Pareto Efficiency: Social Planner's Problem
Explains Pareto efficiency, social planner's problem, and optimal consumption allocation in complete markets.
Optimization and Simulation
Explores transformations into single-objective functions, lexicographic rules, and constrained optimization in optimization and simulation.
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