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Rayton, Bruce A.
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Harashima, Taiji
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EconWPA
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USA / General Accounting Office
717
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506
Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
417
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RePEc
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1
CIRCULAR VARIABLE WORK IN PROCESS
Vildosola, Luis
-
EconWPA
-
2002
This work is focused on identifying a circular pull production control system (PPCS) and make emphasis on the presence of a stability attribute. It is an introductory paper to an extended study of macroeconomic financial stability in a physically open but systemic closed system. Previous work...
Persistent link: https://www.econbiz.de/10005126234
Saved in:
2
A More Realistic Endogenous Time Preference Model and the Slump in Japan
Harashima, Taiji
-
EconWPA
-
2004
This paper presents a more realistic endogenous time preference model, incorporating the property that impatience decreases as consumption increases. The model overcomes a serious drawback of the existing model, which needs the assumption of increasing impatience. The new model is applied to the...
Persistent link: https://www.econbiz.de/10005076835
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3
An Estimate of the Elasticity of Intertemporal Substitution in a Production Economy
Harashima, Taiji
-
EconWPA
-
2005
The elasticity of intertemporal substitution (EIS) at the macro level has been estimated mostly based on endowment economy models and these estimates are very sensitive to the choice of interest rates that are used for estimation. Estimates based on production economy models do not need...
Persistent link: https://www.econbiz.de/10005126406
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4
Pricing in Economies with a Variable Number of Commodities
Gilles, Robert P.
;
Diamantaras, Dimitrios
-
EconWPA
-
1997
We present a general equilibrium model that encompasses the endogenous selection of a set of tradeable commodities. At its foundation we introduce the notion of a trade infrastructure as a set of social institutions describing the trade and production technologies available to the agents in the...
Persistent link: https://www.econbiz.de/10005135068
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5
Intergenerational anonymity as an alternative to the discounted- sum criterion in the calculus of optimal growth I: Consensual optimality
Mabrouk, Mohamed
-
EconWPA
-
2005
The objective of this work is to try to define and calculate the optimal growth path, in the presence of exogenous technical change, without resorting to the discounted-sum criterion. The solution suggested is to consider an optimality criterion expressing an anonymous intergenerational...
Persistent link: https://www.econbiz.de/10005062748
Saved in:
6
The economics of impatience
Fehr, Ernst
-
EconWPA
-
2003
In experiments, animals often prefer smaller, immediate rewards over larger rewards that are deferred — thus failing to maximize their total gain. Many people exhibit similar behaviour.
Persistent link: https://www.econbiz.de/10005408238
Saved in:
7
"Competing Pressure Groups, Income Distribution and Growth"
MAURO, Luciano
-
EconWPA
This paper proposes an endogenous growth model that establishes a negative relationship between the concentration of the non cumulative factor, namely land but also natural resources in general, and long run growth and that offers a theoretical background for redistribution policies such as land...
Persistent link: https://www.econbiz.de/10005408257
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8
Human Capital and Income Distribution Dynamics
Giannini, Massimo
-
EconWPA
-
1998
The paper assumes a continuum of two period-lived agents; agents are identical except for the inherited income. Young agents optimally allocate their inherited income between consumption and investment in human capital in a stochastic environment. In the second period they receive a wage...
Persistent link: https://www.econbiz.de/10005556716
Saved in:
9
Intergenerational anonymity as an alternative to the discounted- sum criterion in the calculus of optimal growth II: Pareto optimality and some economic interpretations
Mabrouk, Mohamed
-
EconWPA
-
2005
This paper studies the Pareto-optimality of the consensual optimum established in 'Intergenerational anonymity as an alternative to the discounted-sum criterion I: consensual optimality'. For that, a Pareto- optimality criterion is set up by the application of the generalized Karush, Kuhn and...
Persistent link: https://www.econbiz.de/10005556724
Saved in:
10
Determinacy of Competitive Equilibria in Economies with Many Commodities
Shannon, Chris
-
EconWPA
-
1996
This paper provides a framework for establishing the determinacy of equilibria in general equilibrium models with infinitely many commodities and a finite number of consumers and producers. The paper defines a notion of regular economy for such models and gives sufficient conditions on the...
Persistent link: https://www.econbiz.de/10005556745
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