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The nature of equilibrium in macroeconomics : a critique of equilibrium search theory
Aoki, Masanao (contributor); Yoshikawa, Hiroshi (contributor) - 2008
The standard Walrasian equilibrium theory requires that the marginal value product of production factor such as labor is equal across firms and industries. However, productivity dispersion is widely observed in the real economy. Search theory allegedly fills this gap by encompassing apparent...
Persistent link: https://www.econbiz.de/10003783607
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Uncertainty, policy ineffectiveness, and long stagnation of the macroeconomy
Aoki, Masanao; Yoshikawa, Hiroshi - In: Japan and the world economy : international journal of … 18 (2006) 3, pp. 261-272
Persistent link: https://www.econbiz.de/10003340072
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The nature of equilibrium in macroeconomics : a critique of equilibrium search theory
Aoki, Masanao; Yoshikawa, Hiroshi - 2009
The standard Walrasian equilibrium theory requires that the marginal value product of production factor such as labor is equal across firms and industries. However, productivity dispersion is widely observed in the real economy. Search theory allegedly fills this gap by encompassing apparent...
Persistent link: https://www.econbiz.de/10003881298
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Reconstructing macroeconomics bases on statistical physics
Aoki, Masanao; Yoshikawa, Hiroshi - In: Econophysics approaches to large-scale business data …, (pp. 183-195). 2010
Persistent link: https://www.econbiz.de/10008701524
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The General theory : toward the concept of stochastic macro-equilibrium
Yoshikawa, Hiroshi - In: The return to Keynes, (pp. 148-165). 2010
Persistent link: https://www.econbiz.de/10003941471
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Stochastic macro-equilibrium : a microfoundation for the Keynesian economics
Yoshikawa, Hiroshi - In: Journal of economic interaction and coordination : JEIC 10 (2015) 1, pp. 31-55
Persistent link: https://www.econbiz.de/10011378681
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Application of the concept of entropy to equilibrium in macroeconomics
Aoyama, Hideaki; Iyetomi, Hiroshi; Sōma, Wataru; … - 2015
Persistent link: https://www.econbiz.de/10011380625
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The role of demand in macroeconomics
Yoshikawa, Hiroshi - In: The Japanese economic review : the journal of the … 54 (2003) 1, pp. 1-27
Persistent link: https://www.econbiz.de/10001762936
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Demand supply constraints and inventory stock in macroeconomic analysis
Yoshikawa, Hiroshi - In: Kikan riron keizaigaku : Riron Keiryō Keizai Gakkai … 35 (1984) 3, pp. 193-205
Persistent link: https://www.econbiz.de/10001008409
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Macro-econophysics : new studies on economic networks and synchronization
Aoyama, Hideaki; Fujiwara, Yoshi; Ikeda, Yūichi; … - 2017
Persistent link: https://www.econbiz.de/10011706688