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the goods produced (substitutes or complements). …
Persistent link: https://www.econbiz.de/10009151465
Three original microeconomic models of an externality market are described: (1) model of the marketable permits for exhalations emission, (2) model of optimal financial satisfaction of a damage caused by a negative externality in the economy with agents maximizing probability of their survival...
Persistent link: https://www.econbiz.de/10005698713
D. Patinkin and R.W. Clower belong to the first criticists of the model IS-LM, and they have revealed its theoretical weaknesses. It was in the half of the sixties of the 20 century, i. e. at the time when there was nobody to make the effectiveness of the Keynes's policies dubious. These...
Persistent link: https://www.econbiz.de/10005258113