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For an exchange economy, under assumptions which did not bring about the existence of equilibrium with dividends as yet … the equilibrium with dividends existence problem. Adding to the same assumptions a weak non-satiation condition which …
Persistent link: https://www.econbiz.de/10009510659
Recruiting agents, or "programs" costly screen "applicants" in matching processes, and congestion in a market increases with the number of applicants to be screened. To combat this externality that applicants impose on programs, application costs can be used as a Pigouvian tax. Higher costs...
Persistent link: https://www.econbiz.de/10012896762
The world's poorest people lack capital and skills and toil for others in occupations that others shun. Using a large-scale and long-term randomized control trial in Bangladesh this paper demonstrates that sizable transfers of assets and skills enable the poorest women to shift out of...
Persistent link: https://www.econbiz.de/10013063908
This paper uses basic empirical facts from attention and perception psychology for a behavioral approach to equilibrium …-rich and whether scarcity of attention complements economic scarcity. A conventional economic equilibrium results if subjects … equilibrium diversity and level of attention-seeking activities are shown. At the normative level, welfare, efficiency and optimal …
Persistent link: https://www.econbiz.de/10013318625
In this paper we present the main results of three original studies on the equilibrium with a market of tradeable … permits in a static framework. In first study, we have considered an international equilibrium of two countries which depend …, we consider the partial equilibrium of an industry where each firm is characterized by a parameter combining production …
Persistent link: https://www.econbiz.de/10011603371
Socially responsible investment in analyzed in a general equilibrium context. This is important in order to understand …
Persistent link: https://www.econbiz.de/10011592922
Using a four-round panel data set from the first phase of the Challenging the Frontiers of Poverty Reduction – Targeting the Ultra Poor (CFPR – TUP) programme of BRAC, we investigate whether a one-off transfer of livestock assets improves well-being of the very poor women in Bangladesh....
Persistent link: https://www.econbiz.de/10012997454
We model an environment in which individuals prefer to be in a space in which their rank is higher, be it a social space, a geographical space, a work environment, or any other comparison sphere which we refer to in this paper, and without loss of generality, as a region. When the individuals...
Persistent link: https://www.econbiz.de/10014261428
Current literature on the impact assessment of government innovation subsidies is mainly empirical driven and lacks an overarching theoretical model to explain the conditions under which government subsidies create positive additionalities on private R&D investment. In this paper, we present a...
Persistent link: https://www.econbiz.de/10014241969
the notion of a Classical Competitive Equilibrium (CCE). A unique CCE exists in a large class of concave classical … generates classical gravitational dynamics with the key distributive variables oscillating around their equilibrium values. …
Persistent link: https://www.econbiz.de/10015066978