evolution equilibrium. It is based on arguments from the gradual vs. bang-bang tax reform controversy and from the debate on … trade-off. Basing on a general equilibrium model by T. Kehoe including production and taxes we provide a formal model of an … optimal macroeconomic policy design. Existence of equilibrium is established extending an analytical result which in a …

Evolutionary arguments are often used to justify the fundamental behavioral postulates of competive equilibrium … these claims in an evolutionary general equilibrium model. If the economic environment were held constant, profitable firms … would grow and unprofitable firms would shrink. In the general equilibrium model, prices change as factor demands and output …

system as in the standard general equilibrium model. It is suggested that the relationship between micro and macro behaviour …

's reinvention of growth theory. We currently observe conflicting methods of handling evolution and business strategy. …

learning or evolution processes followed by boundedly rational players, however observing the past plays. A Nash equilibrium …Static or dynamic equilibrium notions used in game theory may be justified along two perspectives. From an epistemic … game structure and of their rationality. If a rationalizable equilibrium or a correlated equilibrium can easily be …

including production and taxes. Our notion of an "open loop evolution equilibrium" is based on arguments from the gradual vs … accounting for novelty. The present paper makes a contribution to filling in this gap basing on a general equilibrium model …

Evolutionary arguments are often used to justify the fundamental behavioral postulates of competive equilibrium … these claims in an evolutionary general equilibrium model. If the economic environment were held constant, profitable firms … would grow and unprofitable firms would shrink. In the general equilibrium model, prices change as factor demands and output …

stable equilibrium is one in which the entire population will consist of altruists. …