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The Transition from a Drèze Equilibrium to a Walrasian Equilibrium

Herings, P. Jean-Jacques; van der Laan, Gerard; … - Institut de Recherche Économique et Sociale (IRES), … - 1996

a fixed price equilibrium is reached where every market is typically characterized by either supply rationing or demand … occurs. Markets are kept in equilibrium by infinitesimal quantity adjustments such that at every moment in time a fixed price … equilibrium results. Using only standard assumptions on the primitive concepts of the economy it is shown that the price and …

Persistent link: https://www.econbiz.de/10004985301

Open loop and feedback solutions to an institutional game under non-quadratic preferences

NGENDAKURIYO, Fabien - Institut de Recherche Économique et Sociale (IRES), … - 2010

solved numerically the feedback strategies at equilibrium. As results, we found that both open loop and cooperative solution … than the magnitude of effort associated to the best feedback equilibrium. Total factor productivity effects always dominate …

Persistent link: https://www.econbiz.de/10008751414

Sufficient and Necessary Conditions for Non-Catastrophic Growth

AZNAR-MARQUEZ, Juana; RUIZ-TAMARIT, Jose-Ramon - Institut de Recherche Économique et Sociale (IRES), … - 2012

market failures, the decentralized equilibrium path is inefficient and unsustainable, while the socially optimal balanced …

Persistent link: https://www.econbiz.de/10011075059

On the Mitra-Wan Forest Management Problem in Continuous Time

FABBRI, Giorgio; FAGGIAN, Silvia; FRENI, Giuseppe - Institut de Recherche Économique et Sociale (IRES), … - 2014

The paper provides a continuous-time version of the discrete-time Mitra-Wan model of optimal forest management, where trees are harvested to maximize the utility of timber flow over an infinite time horizon. The available trees and the other parameters of the problem vary continuously with...

Persistent link: https://www.econbiz.de/10011075061

Growth vs. level effect of population change on economic development: An inspection into human-capital-related mechanisms

BOUCEKKINE, Raouf; MARTINEZ, B.; RUIZ-TAMARIT, J. R. - Institut de Recherche Économique et Sociale (IRES), … - 2011

This paper studies the different mechanisms and the dynamics through which demography is channelled to the economy. We analyze the role of demographic changes in the economic development process by studying the transitional and the long-run impact of both the rate of population growth and the...

Persistent link: https://www.econbiz.de/10009493504

The Growth economics of epidemics

Raouf, BOUCEKKINE; Bity, DIENE; Theophile, AZOMAHOU - Institut de Recherche Économique et Sociale (IRES), … - 2006

This paper examines in an endogenous growth theory perspective the mechanisms through which epidemics affect long term growth. Investment in both physical and human capital are key transmission variables in this respect. The paper distinguishes between Spanish flu like epidemics and AIDS like...

Persistent link: https://www.econbiz.de/10004984784

Non Catastrophic Endogenous Growth with Pollution and Abatment

J., AZNAR-MARQUEZ; José Ramon, RUIZ-TAMARIT - Institut de Recherche Économique et Sociale (IRES), … - 2005

When there are pollution externalities the competitive equilibrium is not Pareto-optimal nor environmentally …

Persistent link: https://www.econbiz.de/10004984814

Bridging the Gap between Growth Theory and the New Economic Geography : The Spatial Ramsey Model

Raouf, BOUCEKKINE; Carmen, CAMACHO; Benteng, ZOU - Institut de Recherche Économique et Sociale (IRES), … - 2006

We study a Ramsey problem in infinite and continuous time and space. The problem is discounted both temporally and spatially. Capital flows to locations with higher marginal return. We show that the problem amounts to optimal control of parabolic partial differential equations (PDEs). We rely on...

Persistent link: https://www.econbiz.de/10004984891

Demographic Transition Environmental Concern and the Kuznets Curve

J., AZNAR-MARQUEZ; Jose-Ramon, RUIZ-TAMARIT - Institut de Recherche Économique et Sociale (IRES), … - 2005

In an endogenous growth model with pollution and abatement we characterize the socially optimal solution. We find that the rate of growth depends negatively on the weight of environmental care in utility and positively on the population growth rate. We also find a trade-off between growth and...

Persistent link: https://www.econbiz.de/10004984904

Special functions for the study of economic dynamics : The case of the Lucas-Uzawa model

Raouf, BOUCEKKINE; José R. , RUIZ-TAMARIT - Institut de Recherche Économique et Sociale (IRES), … - 2004

. We show how the use of Gaussian hypergeometric functions allows for an explicit representation of the equilibrium …

Persistent link: https://www.econbiz.de/10004984967