Showing 141 - 150 of 636,141
Persistent link: https://www.econbiz.de/10014427226
Persistent link: https://www.econbiz.de/10013481683
Rich behavioural biases, mistakes, and limits on rational decision-making are often thought to make equilibrium analysis much more intractable. We establish that this is not the case in the context of one-sector growth models such as Ramsey-Cass-Koopmans or Bewley-Aiyagari models. We break down...
Persistent link: https://www.econbiz.de/10014528660
For an overlapping generations economy with varying life-cycle productivity, non-stationary endowments, continuous time starting at −∞(hence allowing for full anticipation), constant-returns-to-scale production and CES utility we fully characterise equilibria where output is higher than...
Persistent link: https://www.econbiz.de/10013109693
Using an endogenous growth model in which learning by doing, although bounded in each good, exhibits spillovers across goods, this paper investigates the dynamic effects of international trade. Examining an LDC and a DC, the latter distinguished by a higher initial level of knowledge, under...
Persistent link: https://www.econbiz.de/10013324471
Persistent link: https://www.econbiz.de/10003061346
Dependent Consumer Preferences -- 5 Demand Theory without a Utility Index -- 6 On the Existence of General Equilibrium for a … Specialization in Production and the Production Possibility Locus -- 15 Matrices with Dominant Diagonals and Economic Theory -- 16 … -- 23 A New Route to the Turnpike -- 24 A Primal Route to the Turnpike and Liapounov Stability -- 25 Turnpike Theory …
Persistent link: https://www.econbiz.de/10012682036
Persistent link: https://www.econbiz.de/10011483089
Persistent link: https://www.econbiz.de/10010334925
Persistent link: https://www.econbiz.de/10000001434