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the book will appeal to anyone interested in economic theory and applied modelling in the field of economics. …
Persistent link: https://www.econbiz.de/10014016513
Competition and efficiency is at the core of economic theory. This volume collects papers of leading scholars, which … evaluated. Core equivalence is shown for bargaining economies. The theory of risk aversion is extended and the relation between …
Persistent link: https://www.econbiz.de/10013520492
This work uses various model frameworks to study the evolution of equilibria in an open loop evolving economy in which the model characteristics evolve without any directional restrictions except for continuity. Applying mathematical methods, it is shown that equilibria can always be adapted in...
Persistent link: https://www.econbiz.de/10013520699
an alternative to the now classical, axiomatic general equilibrium theory as exposited in Debreu`s Theory of Value (1959 … alternative to the now classical, axiomatic general equilibrium theory as exposited in Debreu`s Theory of Value(1959) or Arrow and …
Persistent link: https://www.econbiz.de/10013520894
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Basics -- Economic Growth and Natural Resources -- Efficiency and Market Equilibrium under Resource Abundance -- Intergenerational Efficiency in Log-linear Cobb-Douglas OLG Models -- Intertemporal Market Equilibrium and Short-Run Intergenerational Efficiency -- Steady-State Market Equilibrium,...
Persistent link: https://www.econbiz.de/10013522794
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The extensive monetary policy of central banks during the Great Recession has re-newed the interest in the relation between (possibly) non-neutral money and wealth and income inequality. In this work, a dynamic general equilibrium model approach is used to study the effects of an inflation rate...
Persistent link: https://www.econbiz.de/10012396988
study of dynamic general equilibrium theory, the concept of sunspot equilibria, and general equilibrium theory when markets …, including the study of dynamic general equilibrium, the concept of sunspot equilibria, and general equilibrium theory when …
Persistent link: https://www.econbiz.de/10013520477