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Among technological options to mitigate greenhouse gas (GHG) emissions, Carbon Capture and Storage technology (CCS) seems particularly promising. This technology allows to keep on extracting polluting fossil fuels without drastically increasing CO2 atmospheric concentration. We examine here a...
Persistent link: https://www.econbiz.de/10010738951
In this paper, we apply two optimization methods to solve an optimal control problem of a linear neutral differential equation (NDE) arising in economics. The first one is a variational method, the second follows a dynamic programming approach. Due to the infinite dimensionality of the NDE, the...
Persistent link: https://www.econbiz.de/10008869309
This paper presents an equilibrium model in a pure exchange economy when investors have three possible sources of … impact of investors heterogeneity on the properties of the equilibrium. In particular, we analyze the consumption shares, the …
Persistent link: https://www.econbiz.de/10009360288
Focusing mainly on equilibrium existence results, this paper emphasizes the role of fixed point theorems in the … development of general equilibrium theory, as well for its standard definition as for some of its extensions. …
Persistent link: https://www.econbiz.de/10010603930
coalition structure, we show that the stability index relative to the equilibrium, to the beta core and to the exact core is a …
Persistent link: https://www.econbiz.de/10010610165
Unlike partial equilibrium analysis which study the equilibrium of a particular market under the clause "ceteris … paribus" that revenues and prices on the other markets stay approximately unaffected, the ambition of a general equilibrium … model is to analyze the simultaneous equilibrium in all markets of a competitive economy. Definition of the abstract model …
Persistent link: https://www.econbiz.de/10010750449
finish by studying the existence and the unicity of the equilibrium in the sense of Lucas or Romer. …
Persistent link: https://www.econbiz.de/10010750501
general theorem on the existence of equilibrium without requiring that the commodity space or its dual be a vector lattice …
Persistent link: https://www.econbiz.de/10010750751
literature to ensure the existence of competitive equilibrium. Our assumption allows for satiation points inside the set of …, we show the concept of equilibrium with dividends (See Aumann and Dreze (1986), Mas-Collel (1992)) is pertinent only when …
Persistent link: https://www.econbiz.de/10010750794
Compendious and thorough solutions to the existence of a linear price equilibrium problem, the second welfare theorem …. The motivation comes from economic applications showing the need to bring within the scope of equilibrium theory vector …
Persistent link: https://www.econbiz.de/10010750803