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Grossman, Herschel I.; Kim, Minseong - 2002

This paper analyzes a general-equilibrium model in which each person can choose to be either a producer or a predator. This model shows how predation breaks the link between the interpersonal distribution of productive resources and the interpersonal distribution of consumption. Specifically, we...

Persistent link: https://www.econbiz.de/10011504051

The general equilibrium model of illegal settlements in Palangkaraya City, Indonesia : - numerical simulation- : the 52nd ERSA Congress, Bratislava, Slovakia, 2012

Permana, Indrawan; Miyata, Yuzuru - 2012

Since decade 80`s, colonies of illegal settlements began rapidly increasing in many urban areas of cities in Indonesia. During the decade, urban population living in slum areas was recorded about 54% of total urban population particularly in mega cities of Indonesia. Nonetheless, that percentage...

Persistent link: https://www.econbiz.de/10011513920

Distorted monopolistic competition

Behrens, Kristian; Mion, Giordano; Murata, Yasusada; … - 2016

We characterize the equilibrium and optimal resource allocations in a general equilibrium model of monopolistic competition with multiple asymmetric sectors and heterogeneous firms. We first derive general results for additively separable preferences and general productivity distributions, and...

Persistent link: https://www.econbiz.de/10011563154

A note on continuously decomposed evolving exchange economies

Lehmann-Waffenschmidt, Marco - 2004

It is routine to demonstrate in the exchange economy framework that small changes of individual preferences and endowments always result in small changes of the derived excess demand functions as one should expect. Though being as desirable for reasons of the consistency of the whole approach,...

Persistent link: https://www.econbiz.de/10010506631

A fresh look on economic evolution from kinetic viewpoint

Lehmann-Waffenschmidt, Marco - 2003

The present paper makes a contribution to fill in a gap left open by dynamic theory and evolutionary economics as well …. While the "closed loop" dynamic theory has explanation power in analyzing evolving economic systems at the price of …

Persistent link: https://www.econbiz.de/10010506636

Exit and power in general equilibrium

Gersbach, Hans; Haller, Hans - 2008

We integrate individual power in groups into general equilibrium models. The relationship between group formation, resource allocation, and the power of specific individuals or particular sociological groups is investigated. We introduce, via an illustrative example, three appealing concepts of...

Persistent link: https://www.econbiz.de/10010484493

Optimal taxation of externalities interacting through markets : a theoretical general equilibrium analysis

Ren, Xiaolin; Fullerton, Don; Braden, John B. - 2010

This study develops a theoretical general equilibrium model to examine optimal externality tax policy in the presence of externalities linked to one another through markets rather than technical production relationships. Analytical results reveal that the second-best externality tax rate may be...

Persistent link: https://www.econbiz.de/10008749027

General equilibrium with multi-member households and production

Gersbach, Hans; Haller, Hans - 2011

We consider firms and multi-member households operating in a competitive market environment. Households are endowed with resources (commodity bundles) and shares of firm ownership. Household members are characterized by individual preferences, possibly with intra-household consumption...

Persistent link: https://www.econbiz.de/10009383485

General Equilibrium : An Edited Note

Krishnamoorthy, Prakash - 2010

Persistent link: https://www.econbiz.de/10013135707

Stabilizing the Economy : Market Design and General Equilibrium

Goeree, Jacob K. - 2012

Review, 1960). Tatonnement theory predicts that prices are globally unstable for this economy, i.e. unless prices start at … the competitive equilibrium they oscillate without converging. Anderson et al. (Journal of Economic Theory, 2004) report … convergence. We replicate their experiments and confirm that tatonnement theory predicts the direction of price changes remarkably …

Persistent link: https://www.econbiz.de/10013100705