On Non-Existence of Markov Equilibria in Competitive-Market Economies

This paper presents some examples of regular dynamic economies with externalities and taxes that either lack existence of a Markov equilibrium or such equilibrium is not continuous. These examples pose further challenges for the analysis and computation of these economies

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Year of publication:	2002
Authors:	Santos, Manuel
Publisher:	[S.l.] : SSRN
Subject:	Gleichgewichtsmodell \| Equilibrium model \| Allgemeines Gleichgewicht \| General equilibrium \| Wachstumstheorie \| Growth theory \| Externer Effekt \| Externalities \| Steuer \| Tax \| Produktion \| Production \| Kapitalertragsteuer \| Capital income tax

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Extent:	1 Online-Ressource (49 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments May 2001 erstellt
Other identifiers:	10.2139/ssrn.275975 [DOI]
Classification:	C10 - Econometric and Statistical Methods: General. General ; C62 - Existence and Stability Conditions of Equilibrium
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014128113