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This paper is the first attempt at quantitative and qualitative analysis of the Soviet literature on general equilibrium theory in 1960—1990s. We divide the papers into four subgroups: von Neumann—Gale class of models and equilibrium growth; Arrow—Debreu class of models; disequilibrium...
Persistent link: https://www.econbiz.de/10011007739
In this paper, we develop a framework for the formulation, analysis, and computation of solutions to spatial network problems in which the firms are multicriteria decision-makers and the consumers are as well. In particular, the firms, which are involved in the production of a homogeneous...
Persistent link: https://www.econbiz.de/10005391468
In this paper we examine the likelihood of multiple real steady states in deterministic exchange economies with overlapping generations. There is a single good and a single agent per generation with constant relative risk aversion expected utility. In order to test for multiple equilibria we...
Persistent link: https://www.econbiz.de/10008557134
This introduces the symposium on general equilibrium.
Persistent link: https://www.econbiz.de/10010572387
The emergence of non-constructivities in economics is entirely due to the unnecessary and inappropriate formalization of economics by means of 'classical' mathematics. I have made similar claims for the emergence of uncomputabilities and undecidabilities in economics in earlier writings. Here,...
Persistent link: https://www.econbiz.de/10009650766
very simple models and which makes the outcome of interaction unpredictable. The second relates to the computability and …
Persistent link: https://www.econbiz.de/10005396104
Computable General Equilibrium (CGE) models have been widely used for quantitative analysis of global economic issues. However, CGE models are frequently criticized for resting on weak empirical foundations. This paper builds on recent work in macro-econometric estimation, developing an approach...
Persistent link: https://www.econbiz.de/10009364778
This paper investigates the economic impact of a 5% improvement in the UK household energy efficiency, focussing specifically on total energy rebound effects. The impact is measured through simulations using models that have increasing degrees of endogeneity but are calibrated on a common data...
Persistent link: https://www.econbiz.de/10010753180
The importance of empirically analyzing the transmission of international prices to and their impacts on domestic markets is growing particularly since the 2006–2008 food price hikes. However, the field is dominated by econometric Price Transmission Analysis (PTA) but surprisingly disconnected...
Persistent link: https://www.econbiz.de/10010753361
Modelling and projecting consumption, investment and government demand by detailed commodities in CGE models poses many data and methodological challenges. We review the state of knowledge of modelling consumption of commodities (price and income elasticities and demographics), as well as the...
Persistent link: https://www.econbiz.de/10012415340