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exploitation. We characterize the cyclicals dynamics of the economy, show that indeterminacy may appear, and establish some …
Persistent link: https://www.econbiz.de/10005015257
As the largest greenhouse gas emissions trading scheme in the world, the European Union Emissions Trading Scheme (EU ETS) is a benchmark for carbon prices worldwide. A price for carbon represents a cost for emissions-intensive activities under the EU ETS, which must be taken into account by...
Persistent link: https://www.econbiz.de/10014193058
exploitation. We characterize the cyclical dynamics of the economy, show that indeterminacy may appear, and establish some …
Persistent link: https://www.econbiz.de/10014052514
This paper comprehensively explores the compelling framework encompassing Opportunity Econophysics, Opportunity Cones, Conscious Agents, and the Traces of the Conscious Dimension within the context of economic systems. The interdisciplinary nature of this framework integrates concepts from...
Persistent link: https://www.econbiz.de/10014349705
Persistent link: https://www.econbiz.de/10005767510
In this paper we study a simple endogenous growth model in which the two engines of growth are the exogenous technical progress in dematerialization and the accumulation of a renewable natural resource. The model is also labeled as been "endogenous" as the rate of growth of natural capital is...
Persistent link: https://www.econbiz.de/10005008059
<p> Over the years "S-shaped" evolutions have regularly been incorporated in economic models, and indeed in those of other sciences, by way of the logistic or Gompertz equations. However, both equations have noteworthy shortcomings when fitting some empirical features of economic growth: the...</p>
Persistent link: https://www.econbiz.de/10005032771
This paper demonstrates the existence of a finite set of equilibria in the case of the indeterminacy of linear rational …
Persistent link: https://www.econbiz.de/10010378075
This paper demonstrates the existence of a finite set of equilibria in the case of the indeterminacy of linear rational …
Persistent link: https://www.econbiz.de/10011525764
imperfect capital markets and show that local indeterminacy always arises independently of the capital market regime. Also, we …
Persistent link: https://www.econbiz.de/10010856900