Showing 1 - 5 of 5
"Der Beitrag stellt das numerische allgemeine Gleichgewichtsmodell PACE-L (Policy Analysis based on Computable … dem Modell zugrunde liegenden Gleichgewichtsbegriff. Wir versuchen dabei zu verdeutlichen, warum ein Gleichgewichtsmodell …
Persistent link: https://www.econbiz.de/10005342816
constrained inefficiency of competitive equilibria, which are always characterized by overeducation. An increase in total expected …
Persistent link: https://www.econbiz.de/10010592444
constrained inefficiency of competitive equilibria, which are always characterized by overeducation. An increase in total expected …
Persistent link: https://www.econbiz.de/10010641644
"This paper proposes a multi-industry trade model with integrated capital and goods markets. Labor market imperfections in line with Mortensen and Pissarides (1994) give rise to unemployment and a channel for the government to influence markets through institutional changes. Labor market...
Persistent link: https://www.econbiz.de/10010643584
clearing. We also provide a robust example of a class of economies where these conditions fail and where equilibria are …
Persistent link: https://www.econbiz.de/10010754408