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The book contains four chapters oftheory - 1, 2, 5 and 6 - and four chapters with theoretical and empirical applications - 3, 4, 7 and 8. In chapters 1 and 4 of the book I try to present the theory of Utility and Production. In chapters 2 and 5, the main theorems and properties presented in chapters 1 and 4 are applied.
In this book the reader is provided with an overview of the most interesting ideas in Competitive General Equilibrium Theory as well as Welfare Economy. In this sense, he examines allocation problems in regard to property rights, information problems and choice and negotiation problems.
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