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This paper presents a version of a hybrid (top-down bottom-up), multi-region multi-period forward looking applied general equilibrium model, MERGE, that includes a capacity expansion submodel of the electricity sector with demand represented by various time segments. This model is solved...
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economy has become highly integrated, and foreign outsourcing has become a standard practice for firms. While trade theory …
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theory. It manifests the author's command of cutting edge analytical tools, concepts, and theoretical approaches both in the …/Kaleckian account of demand-constrained equilibrium, is a viable -- indeed, superior -- alternative to mainstream theory. While the book …
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