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The classical cobweb theorem is extended to include production lags and price forecasts. Price forecasting based on a longer period has a stabilizing effect on prices. Longer production lags do not necessarily lead to unstable prices; very long lags lead to cycles of constant amplitude. The...
Persistent link: https://www.econbiz.de/10010983178
multi-regional, multi-sectoral Computable General Equilibrium framework. The consideration of capital mobility leads to …
Persistent link: https://www.econbiz.de/10005755169
Traditionally, observed fluctuations in aggregate economic time series have been mainly modelled as being the result of exogenous disturbances. A better understanding of macroeconomic phenomena, however, surely requires looking directly at the relations between variables that may trigger...
Persistent link: https://www.econbiz.de/10010956107
The existence of an exact Walrasian equilibrium in non convex economies is still a largely unexplored issue. In this … paper an existence result for exact equilibrium in non convex economies is provided by following the almost-near approach … set of perturbed economies with the same number of agents exhibiting an exact Walrasian equilibrium; moreover as the …
Persistent link: https://www.econbiz.de/10009372165
these clusters as being a result of oligopolistic reaction, this paper presents a two-by-two-by-two general equilibrium …
Persistent link: https://www.econbiz.de/10005700571
implications of different Regimes and to aim for a "fair" Distribution of resulting costs. Using the Cpmputable General Equilibrium …
Persistent link: https://www.econbiz.de/10010987096
the case of newly found oil in Ghana we develop a multi-sector intertemporal general equilibrium model with endogenous …
Persistent link: https://www.econbiz.de/10010886853
general equilibrium model DART. It turns out that the amount of hot-air supplied will be small if hot-air economies cooperate …
Persistent link: https://www.econbiz.de/10010955660
focusses on the question of how to define MACCs in a general equilibrium context where the global abatement level influences …
Persistent link: https://www.econbiz.de/10010955744
In this paper we use the CGE model DART to assess the economic impacts and optimality of different aspects of the EU climate package. A special focus is placed on the 10% biofuel target in the EU. In particular we analyze the development in the biofuel sectors, the effects on agricultural...
Persistent link: https://www.econbiz.de/10010955848