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Growth and cycles as a struggle: Lotka-Volterra, Goodwin and Phillips

Orlando, Giuseppe; Sportelli, Mario C. - In: Nonlinearities in economics : an interdisciplinary …, (pp. 191-208). 2021

In this chapter, we describe growth and cycles in economics as a struggle between capitalists and workers. We first present the Phillips curve (which statistically relates unemployment with the rate of change of nominal wages) and then the Goodwin model. The latter reinterprets, in economical...

Persistent link: https://www.econbiz.de/10012648043

Testing a Goodwin's model with capacity utilization to the US economy

Araújo, Ricardo Azevedo; Moreira, Helmar Nunes - In: Nonlinearities in economics : an interdisciplinary …, (pp. 295-313). 2021

We present an extension of the Goodwin growth-cycle model that considers the rate of capacity utilization as a new variable in an adapted Lotka-Volterra system of differential equations. We derive a differential equation for the capacity utilization that is proportional to the difference between...

Persistent link: https://www.econbiz.de/10012648050

The effect of elevation in competition on markets for credence goods : an investigation on the NYC taxis

Ahmadi, Iman - In: Pricing and competition in markets : analytical and …, (pp. 177-212). 2018

Persistent link: https://www.econbiz.de/10012169592

Is competition beneficial? : the case of exchange traded funds

Kharma, Céline; Delalay, Sylvain - In: Essays on exchange traded funds, market quality and …, (pp. 1-35). 2018

The first paper is co-authored with Sylvain Delalay. We examine the impact of competition between ETFs on measures of … quality measures when competition increases within a group. However, we find that competition has a differential impact on … ETFs according to their size and performance. For large or well-performing ETFs, increased competition improves market …

Persistent link: https://www.econbiz.de/10011962532