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Quantity constrained equilibria
Herings, Peter Jean-Jacques; Laan, Gerard van der; … - 2001
condition that aprice will be on its upper or lower bound in case of rationing. Therefore we introduce a moregeneral equilibrium … concept, called Quantity Constrained Equilibrium (QCE). At such an equilibriumthe levels of supply and demand rationing are … not being rationed, and also a generalizedsupply-constrained equilibrium without demand rationing. We apply this main …
Persistent link: https://www.econbiz.de/10011325664
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Trade, technology, and wages : general equilibrium mechanics
Francois, Joseph F.; Nelson, Douglas R. - 1998
This paper highlights analytical reasons why we believe trade and technology are linked to wagemovements in general, and how we should organize our examination of the recent episode of wage andemployment erosion in the OECD countries. We start with a graphic tour through the mechanics ofgeneral...
Persistent link: https://www.econbiz.de/10011284078
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Trade, technology, and wages : general equilibrium mechanics
Francois, Joseph F.; Nelson, Douglas R. - 1998
Persistent link: https://www.econbiz.de/10000986128
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Rationing in demand systems : calculation of virtual prices
Bettendorf, Leon; Barten, Anton P. - 1995
Persistent link: https://www.econbiz.de/10000909107
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Consistent expectations equilibria
Hommes, Cars H.; Sorger, Gerhard - 1997
Persistent link: https://www.econbiz.de/10000961568
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Environmental damage and price taking behaviour by firms and consumers
Houba, Harold; Kremers, Hans - 2009
Persistent link: https://www.econbiz.de/10003850814
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Structural stability tests with unknown breakpoint for the efficient method of moments with application to stochastic volatility models
Sluis, Pieter J. van der - 1998
Tests for structural stability with unknown breakpoint are derived for and applied tothe efficient method of moments. Three types of tests are discerned: Wald type tests,Predictive tests and Hansen type tests. The Hansen type test for structural stabilitywith unknown breakpoint is a novelty for...
Persistent link: https://www.econbiz.de/10011284082
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Environmental damage and price taking behaviour by firms and consumers
Houba, Harold; Kremers, Hans - 2009
Integrated assessment models lack a microeconomic foundation in modelling environmental damages to the economy. To overcome this, damage coefficients are incorporated in standard microeconomic models. Firms and consumers take both damages and prices as given. Demand, supply, profit and...
Persistent link: https://www.econbiz.de/10011377842
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Industry dynamics and entrepreneurship : an equilibrium model
Fok, Dennis; Stel, Adriaan J. van; Burke, Andrew; … - 2010 - This version: October 2010
This paper conducts the first general equilibrium analysis of the role of entry, exit and profits in industry dynamics. The benefit of our model is twofold. First, to discriminate between entrants’ role of performing the entrepreneurial function of creating disequilibrium and the conventional...
Persistent link: https://www.econbiz.de/10011379632
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Empirical inference with equilibrium search models of the labor market
Berg, Gerard J. van den - 1998
This paper examines the use of equilibrium search models in the empiricalanalysis of labor markets. We survey the literature on structural estimationof these models with micro data on wages and durations, and we discuss theadvantages of the equilibrium approach, for policy analysis and...
Persistent link: https://www.econbiz.de/10011299978