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equilibrium audiences (the clients belonging to a company), their signal exposure and attention, and the diversity of senders … surviving the contest for attention. Application of the equilibrium analysis to changes in information technologies and …
Persistent link: https://www.econbiz.de/10005406141
This paper is the first application of the singular value decomposition in general equilibrium theory. Every technology …
Persistent link: https://www.econbiz.de/10010734333
-17% interquartile differences in TFP. These estimates imply that in general equilibrium, homogenization of labor markets would lead to a …
Persistent link: https://www.econbiz.de/10010877649
model. Existence of general equilibrium and validity of the first welfare theorem are investigated. …
Persistent link: https://www.econbiz.de/10009371337
detailed applied general equilibrium model for the Netherlands. The model is empirically grounded in the data and encompasses …
Persistent link: https://www.econbiz.de/10005094497
We integrate individual power in groups into general equilibrium models. The relationship between group formation … paradoxes: positiveexternalities increase, but none of the household members gains in equilibrium. We further identify implicit …
Persistent link: https://www.econbiz.de/10005766012
We consider a general equilibrium model where groups operating in a competitive market environment can have several …, equilibrium existence, and equilibrium efficiency. …
Persistent link: https://www.econbiz.de/10005766089
equilibrium allocation and welfare. If price effects are sufficiently small, then typically an individual benefits from an …
Persistent link: https://www.econbiz.de/10005766162
This paper employs a general equilibrium model of imperfect competition and trade in which capital is used to establish …
Persistent link: https://www.econbiz.de/10009274515
firms’ investment decisions. We characterize the conditions under which fire sales occur in equilibrium and their …
Persistent link: https://www.econbiz.de/10008572580