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on familiar macroeconomic theory and in which expectations are formed rationally. The model is useful for the analysis …
Persistent link: https://www.econbiz.de/10012781251
distinction was drawn quite independently of Keynes, yet Keynes's General Theory led to its widespread adoption. The question of … directly in Keynes's own theorizing in the General Theory; a fixed-price general-equilibrium theory, which includes some work … programs and their interrelationship, especially in relationship to the programs of general-equilibrium theory and econometrics …
Persistent link: https://www.econbiz.de/10011603312
The mathematical analogies between economics and classical mechanics can be extended from constrained optimization to constrained dynamics by formalizing economic (constraint) forces and economic power in analogy to physical (constraint) forces in Lagrangian mechanics. In a...
Persistent link: https://www.econbiz.de/10012176283
In contrast to the neo-classical theory of Arrow and Debreu, a model of a private ownership economy is presented in …
Persistent link: https://www.econbiz.de/10014192043
on familiar macroeconomic theory and in which expectations are formed rationally. The model is useful for the analysis …
Persistent link: https://www.econbiz.de/10014396359
Persistent link: https://www.econbiz.de/10003712643
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We consider general two-sided matching markets, so-called matching with contracts markets as introduced by Hatfield and Milgrom (2005), and analyze (Maskin) monotonic and Nash implementable solutions. We show that for matching with contracts markets the stable correspondence is monotonic and...
Persistent link: https://www.econbiz.de/10003731666
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