An equilibrium model of advertising, production and exchange is developed. Sellers advertise and produce. In contrast to models where one side is often kept to its reservation value, both sides of the exchange are made worse off due to distortive advertising. Buyers read advertising, screen for...

The aim of this paper if to characterize the set of singular economies, when there are a finite set of consumers with infinitely many goods in the sense that goods differ in the time which they are consumed or in the state of the world in which they become available. There exist l available...

?Innovation und Technischer Fortschritt im Energiebereich? ist das Thema des Modellexperiment V des Forums für Energiemodelle. In diesem Zusammenhang sollen die am Experiment beteiligten Modelle in Bezug auf die Abbildung von technischem Fortschritt verbessert und unterschiedliche Szenarien...

The aim of this paper is to give an overview over the DART model and its applications. The main focus is on the implementation of climate impacts into DART in the course of coupling DART to the ocean-atmosphere model and on the associated empirical problems. The basic DART model and some...