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The thesis offers a new framework for inflation as a process of restructuring. Contrary to existing theories of inflation, which tend to take structure and institutions as given for the purpose of analysis, we argue that inflation could be understood only in terms of ongoing structural and...
Persistent link: https://www.econbiz.de/10011646704
This work is a PhD dissertation, written at the Department of Economics, McGill University. The thesis offers a new framework for inflation as a process of restructuring. Contrary to existing theories of inflation, which tend to take structure and institutions as given for the purpose of...
Persistent link: https://www.econbiz.de/10005789620
stable equilibrium is one in which the entire population will consist of altruists. …
Persistent link: https://www.econbiz.de/10010291763
evolution equilibrium. It is based on arguments from the gradual vs. bang-bang tax reform controversy and from the debate on … trade-off. Basing on a general equilibrium model by T. Kehoe including production and taxes we provide a formal model of an … optimal macroeconomic policy design. Existence of equilibrium is established extending an analytical result which in a …
Persistent link: https://www.econbiz.de/10010305437
evolution equilibrium. It is based on arguments from the gradual vs. bang-bang tax reform controversy and from the debate on … trade-off. Basing on a general equilibrium model by T. Kehoe including production and taxes we provide a formal model of an … optimal macroeconomic policy design. Existence of equilibrium is established extending an analytical result which in a …
Persistent link: https://www.econbiz.de/10010506636
evolution equilibrium. It is based on arguments from the gradual vs. bang-bang tax reform controversy and from the debate on … trade-off. Basing on a general equilibrium model by T. Kehoe including production and taxes we provide a formal model of an … optimal macroeconomic policy design. Existence of equilibrium is established extending an analytical result which in a …
Persistent link: https://www.econbiz.de/10009226168
learning or evolution processes followed by boundedly rational players, however observing the past plays. A Nash equilibrium …Static or dynamic equilibrium notions used in game theory may be justified along two perspectives. From an epistemic … game structure and of their rationality. If a rationalizable equilibrium or a correlated equilibrium can easily be …
Persistent link: https://www.econbiz.de/10011187216
stable equilibrium is one in which the entire population will consist of altruists. …
Persistent link: https://www.econbiz.de/10005572006
, evolution, responsibility and justice, a new concept of economic activity emerges within nature. This leads to new …. Following the Introduction (Section 1), this paper explains the MINE project (Section 2) and introduces our methodology (Section …
Persistent link: https://www.econbiz.de/10012141444
Persistent link: https://www.econbiz.de/10012617608