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We set out an open, monocentric city with residential structures and reflect on how changes to an amenity index affects the city. On the production side, the shock is represented by a productivity improvement and a local wage increase and on the consumption side the shock is represented by an...
Persistent link: https://www.econbiz.de/10003689452
Kolstad's (1994) model of intertemporal, competitive supply to a linear market from two distinct exhaustible resource deposits admits two different interior solutions - one with the low cost deposit "earning" the higher resource rent and the other with the low cost deposit "earning" the lower...
Persistent link: https://www.econbiz.de/10009382073
We solve for an S-shaped schedule for market size for a new product that undergoes gradual widespread adoption. We hypothesize that the speed of market expansion is positively related to the current profit per unit being produced. In a mature market the unit profit is relatively low.
Persistent link: https://www.econbiz.de/10009382078
We set out and solve a static neoclassical model with a labor/leisure choice for agents and a government sector producing a Samuelsonian public good. Numerical solutions vary considerably with the elasticity of substitution for commodities in an agent's utility function. We focus on solutions...
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We take up three variants of Solow [1974], each with population change endogenous. When each model exhibits sustainability the same three conditions are satisfied: (i) investment in produced capital is funded by resource rents plus "extra" saving, (ii) "extra" saving funds the same two gaps...
Persistent link: https://www.econbiz.de/10012802708
Kolstad's (1994) model of intertemporal, competitive supply to a linear market from two distinct exhaustible resource deposits admits two different interior solutions - one with the low cost deposit "earning" the higher resource rent and the other with the low cost deposit "earning" the lower...
Persistent link: https://www.econbiz.de/10009739643
We account for the price and quantity components of a decomposition of the expression for a GDP increase accross periods. Our linear measure is compared with Irving Fisher s multiplicative measure. Where technical progress enters is noted.
Persistent link: https://www.econbiz.de/10012286507
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