Perron and Wada (J Monet Econ 56:749-65, 2009) propose a new method of decomposition of the GDP in its trend and cycle …, which presents a mixture of normals in the disturbances of the trend and cycle component of output. The obtained trend …

The standard Walrasian equilibrium theory requires that the marginal value product of production factor such as labor … theory allegedly fills this gap by encompassing apparent disequilibrium phenomena in the neoclassical equilibrium framework … behavior of economic agents. We must seek a new concept of equilibrium different from the standard Walrasian equilibrium in …

We provide an equilibrium framework for modeling the behavior of an agent who holds a simplified view of a dynamic … simplified) view of her environment and may not contain the true function. We define an equilibrium concept and provide …

This paper studies the equilibrium of an extended case of the classical Samuelson's multiplier-accelerator model for … economy. We focus on the case that the equilibrium is not unique and provide a method to obtain the optimal equilibrium. …

, knowledge distance, and knowledge trading cost, which all affect the solvers to achieve game equilibrium and win tasks in …

subject is the basic toolbox of mainstream economics. The most important tools in this box are demand, supply and equilibrium … what economists tell us, demand, supply and equilibrium do not carry over to the actual world: they cannot be empirically …

players to which ν will become disconnected. We focus on unilateral link formation and Nash equilibrium. We show …