Showing 11 - 20 of 147
mathematics has a positive correlation with the probability of winning a Nobel Prize in certain cases. It also appears that being …
Persistent link: https://www.econbiz.de/10011112820
theory, as well as social research, are two excellent stages upon which we may search for clues and insights to the …
Persistent link: https://www.econbiz.de/10011258411
This chapter presents an application of competitive general equilibrium theory of markets in the spirit of Walras …, formalized in the 1950s by K. Arrow and by G. Debreu. In using general equilibrium theory to generate insight into current policy … (1970). The intention if to use formalized general equilibrium theory to derive general statements about the economic …
Persistent link: https://www.econbiz.de/10005790445
This is a prepublication version of the German language version of the entry on ‘Money’ (‘Geld’) in the ‘Historisch Kritisch Wörterbuch des Marxismus’, a comprehensive dictionary of Marxist terminology being produced as an accompaniment to the Marx-Engels-Gesamt-Arbeite (Marx-Engels...
Persistent link: https://www.econbiz.de/10005619742
This theoretical note examines the usefulness of the Pigouvian tax policy in dealing with negative production externalities and in improving social welfare in a small developing economy. A two-sector, full-employment general equilibrium model with exogenous labour market imperfection is used for...
Persistent link: https://www.econbiz.de/10011212786
This paper provides a tractable continuous-time constant-absolute-risk averse (CARA)-Gaussian framework to quantitatively explore how the preference for robustness (RB) affects the interest rate, the dynamics of consumption and income, and the welfare costs of model uncertainty in general...
Persistent link: https://www.econbiz.de/10011271307
The paper purports to examine the rationale in subsidizing healthcare in the developing economies solely from the standpoint of economic growth with the help of a three-sector, full-employment small economy model with exogenous labour market imperfection and a non-traded sector providing...
Persistent link: https://www.econbiz.de/10011271333
We have not clearly acknowledged the abstraction from unpriceable “social goods” (derived from communities) which, different from private and public goods, simply disappear if it is attempted to market them. Separability from markets and economics has not been argued, much less established....
Persistent link: https://www.econbiz.de/10011259455
Behavioral assumptions are not solid enough to be eligible as first principles of theoretical economics. Hence all endeavors to lay the formal foundation on a new site and at a deeper level actually need no further vindication. Part (I) of the structural axiomatic analysis submits three...
Persistent link: https://www.econbiz.de/10011259823
The purpose of this paper is to extend the Fields’ (1989) multi sector job-search model in a three sector general equilibrium framework by introducing international trade and an input, capital. The three sectors are the rural sector, the urban informal sector and the urban formal sector. The...
Persistent link: https://www.econbiz.de/10011259840