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Specialization, Information, and Growth: A Sequential Equilibrium Analysis
Ng, Yew-Kwang; Yang, Xiaokai - Center for International Development, Kennedy School of … - 1999
Pricing costs and information problems are introduced into a framework with consumer-producers, economies of … specialization, and transaction costs to predict the endogenous and concurrent evolution in division of labor and in the information … gains from information about the efficient pattern of division of labor, which can be acquired via experiments with various …
Persistent link: https://www.econbiz.de/10005838200
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The Division of Labor, Investment, and Capital.
Yang, X. - Booth School of Business, University of Chicago - 1999
This paper uses a dynamic general equilibrium model based on corner solutions to formalize the classical theory of investment and capital which considers investment to be a vehicle for developing a high level of division of labor in roundabout productive activities. If it takes time for a...
Persistent link: https://www.econbiz.de/10005671650
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The Division of Labor, Investment, and Capital
Yang, Xiaokai - Center for International Development, Kennedy School of … - 1999
This paper uses a dynamic general equilibrium model based on corner solutions to formalize the classical theory of investment and capital which considers investment to be a vehicle for developing a high level of division of labor in roundabout productive activities. If it takes time for a...
Persistent link: https://www.econbiz.de/10005794670
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Life-Span and the Determinacy of Equilibrium in Economies of Overlapping Generations.
Demichelis, S.; Polemarchakis, H.M. - Center for Operations Research and Econometrics (CORE), … - 2000
, equilibrium paths of prices are smooth; this, even for endowments and discount factors of individuals that do not depend …
Persistent link: https://www.econbiz.de/10005669284
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IP Protection Games : Does Technology Type Matter For Entrepreneurial Behavior?
Campbell, Karen A. - 2013
This paper builds on an analytical tool for studying entrepreneurship in a new classical general equilibrium framework. The entrepreneurial economy model takes the consumer-producer economy model and makes explicit the role of the entrepreneur. This paper uses it to study entrepreneurial...
Persistent link: https://www.econbiz.de/10014184832
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Pricing in Economies with a Variable Number of Commodities
Gilles, Robert P.; Diamantaras, Dimitrios - EconWPA - 1997
We present a general equilibrium model that encompasses the endogenous selection of a set of tradeable commodities. At its foundation we introduce the notion of a trade infrastructure as a set of social institutions describing the trade and production technologies available to the agents in the...
Persistent link: https://www.econbiz.de/10005135068
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Social (in)stability, distributive conflicts, and investment in poor and rich economies
Riedl, Arno - 1999 - This version: September, 1999
A recently much debated issue is why observed investment and growth rates inpoor countries are lower than traditional theory predicts. Empirical evidencesuggests that social and political instability is a major reason for thedivergence between poor and rich countries. However, there is still the...
Persistent link: https://www.econbiz.de/10011302623
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Quality, Efficiency Premia, and Development
Swinnen, Johan F. M. - 2008
Improving quality is an important element of the transfer of production to low wage countries. Higher quality requirements are part of complex contracting arrangements in global supply chains. This paper analyzes how weak contract enforcement institutions and imperfect factor markets are...
Persistent link: https://www.econbiz.de/10012725056
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Regulations in Search Markets
Axell, Bo - 1989
Persistent link: https://www.econbiz.de/10010335121