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Generic finiteness of equilibrium payoffs for bimatrix games

Mas-Colell, Andreu - Department of Economics and Business, Universitat … - 2008

It is shown that in any affine space of payoff matrices the equilibrium payoffs of bimatrix games are generically finite.

Persistent link: https://www.econbiz.de/10005772220

What other sciences look like

Colomer, Josep M. - Department of Economics and Business, Universitat … - 2007

In order to have references for discussing mathematical menus in political science, I review the most common types of mathematical formulae used in physics and chemistry, as well as some mathematical advances in economics. Several issues appear relevant: variables should be well defined and...

Persistent link: https://www.econbiz.de/10005772001

Testing calibrated general equilibrium models

Canova, Fabio; Ortega, Eva - Department of Economics and Business, Universitat … - 1996

reference to the issue of testing ``false'' economic models. We provide an overview of the most recent simulation … general equilibrium models. We illustrate how simulation--based techniques can be used to formally evaluate the fit of a … real business cycle literature, i.e. whether a model with complete financial markets and no restrictions to capital …

Persistent link: https://www.econbiz.de/10005248461

Efectos de la reforma del IRPF sobre la oferta laboral de las mujeres

Garcia, Jaume; Suárez, María J. - Department of Economics and Business, Universitat … - 2001

into account of the characteristics of the budget constraint. The simulation exercises suggest that the new tax can have …

Persistent link: https://www.econbiz.de/10005708013

Comparing and validating hypothesis test procedures: Graphical and numerical tools

Delicado, Pedro; Placencia, Iolanda - Department of Economics and Business, Universitat … - 1997

When the behaviour of a specific hypothesis test statistic is studied by a Monte Carlo experiment, the usual way to describe its quality is by giving the empirical level of the test. As an alternative to this procedure, we use the empirical distribution of the obtained \emph{p-}values and...

Persistent link: https://www.econbiz.de/10005827484

Parameterized expectations approach; Some practical issues

Marcet, Albert; Lorenzoni, Guido - Department of Economics and Business, Universitat … - 1998

We discuss some practical issues related to the use of the Parameterized Expectations Approach (PEA) for solving non-linear stochastic dynamic models with rational expectations. This approach has been applied in models of macroeconomics, financial economics, economic growth, contract theory,...

Persistent link: https://www.econbiz.de/10005827523

Nonlinear models and small sample performance of the generalized method of moments

Ventura, Eva - Department of Economics and Business, Universitat … - 1996

it progressively until I approximate a standard (nonlinear) neoclassical growth model. I then use simulation techniques …

Persistent link: https://www.econbiz.de/10005772026

A recoverable production planning model

Soto, Juan P.; Ramalhinho-Lourenço, Helena - Department of Economics and Business, Universitat … - 2002

, distribution centers and recovery plants. To solve the model we have combined optimization and simulation procedures. …

Persistent link: https://www.econbiz.de/10005772139

Supply side interventions and redistribution

Garcia-Milà, Teresa; Marcet, Albert; Ventura, Eva - Department of Economics and Business, Universitat … - 1995

In this paper we study the welfare impact of alternative tax schemes on labor and capital. We evaluate the e_ect of lowering capital income taxes on the distribution of wealth in a model with heterogeneous agents, restricting our attention to policies with constant tax rates. We calibrate and...

Persistent link: https://www.econbiz.de/10005772553

Equilibrium asset prices and savings of heterogeneous agents in the presence of incomplete markets and portfolio constraints

Marcet, Albert; Singleton, Kenneth J. - Department of Economics and Business, Universitat … - 1990

We study the quantitative properties of a dynamic general equilibrium model in which agents face both idiosyncratic and aggregate income risk, state-dependent borrowing constraints that bind in some but not all periods and markets are incomplete. Optimal individual consumption -savings plans and...

Persistent link: https://www.econbiz.de/10005772584