Showing 1 - 10 of 28
Bergin and Lipman (1996) show that the refinement effect from the random mutations in the adaptive population dynamics in Kandori, Mailath and Rob (1993) and Young (1993) is due to restrictions on how these mutation rates vary across population states. We here model mutation rates as...
Persistent link: https://www.econbiz.de/10005670122
Swofford and Whitney (1987) investigated the validity of two types of assumptions that underlie the representative agent models of modern macroeconomics and monetary economics. These assumptions are utility maximization and weak or functional separability that is required for an economic...
Persistent link: https://www.econbiz.de/10010691904
The paper analyzes the effects on the demand for owner-occupied housing that are likely to result from the Swedish 1983-85 tax reform. This is done by means of a micro-simulation model which takes into account the dichotomous nature of the demand for housing: the consumers choose the mode of...
Persistent link: https://www.econbiz.de/10010684437
No abstract.
Persistent link: https://www.econbiz.de/10010684491
Persistent link: https://www.econbiz.de/10005671122
We use a specific-factor model to examine the conditions under which policy makers are able to increase aggregate production in high- tech goods by production or R&D-subsidies in the short and long-run.
Persistent link: https://www.econbiz.de/10005780375
No abstract.
Persistent link: https://www.econbiz.de/10010685026
No abstract.
Persistent link: https://www.econbiz.de/10010685040
Productive factors such as human and physical capital are accumulated and trade can affect the steady-state levels of such factors. Consequently, trade liberalization will have dynamic effects on output and welfare as the economy moves to its new steady state, in addition to its usual static...
Persistent link: https://www.econbiz.de/10010685078
No abstract.
Persistent link: https://www.econbiz.de/10010600206