Introduction -- Contemporary Economics and Inequality -- Growth Theories and Convergence Hypothesis -- Who Are Agents in Agent-Based Economic Models? -- Models of Subsistence Consumption -- Models of Competition -- The Dynamic Model of Market Inequality -- Conclusion.

This book examines empirical and theoretical research on economic inequality from the perspective of dynamic models. By using advanced mathematical tools, it reveals fundamental market dynamics and underlines the role of subsistence constraints and competition in economic distribution.

This chapter analyzes the implications of efficient wage–employment bargaining in a closed monetary macroeconomic model of the AS-AD type with a government sector and fiat money. The consumption sector is made up of heterogeneous consumers - shareholders and workers - with endogenous labor...

This paper reviews a framework for numerically analyzing dynamic interactions in imperfectly competitive industries. The framework dates back to Ericson and Pakes [1995. Review of Economic Studies 62, 53–82], but it is based on equilibrium notions that had been available for some time before,...

Die langfristige Arbeitsmarktentwicklung der meisten westeuropäischen Staaten ist durch einen seit den 1970er Jahren andauernden Trend zu wachsenden Arbeitslosenquoten gekennzeichnet. Im Hinblick auf die theoretische Erklärung dauerhaft nicht geräumter Arbeitsmärkte kommt der...

The ABCs of RBCs is the first book to provide a basic introduction to Real Business Cycle (RBC) and New-Keynesian models. These models argue that random shocks—new inventions, droughts, and wars, in the case of pure RBC models, and monetary and fiscal policy and international investor risk...