Similar Search Results

Stark, Oded - 1997

stable equilibrium is one in which the entire population will consist of altruists. …

Persistent link: https://www.econbiz.de/10010291763

Discreteness and the welfare cost of labour supply tax distortions

Bhattarai, Keshab; Whalley, John - 2002

We compare the welfare costs of tax distortions of labour supply in one and two member household discrete and continuous labour supply (leisure consumption) choice models. In the discrete models taxes induce a large response from a subset of the population, while the majority of the population...

Persistent link: https://www.econbiz.de/10010292021

Adverse selection in the annuity market with sequential and simultaneous insurance demand

Brunner, Johann K.; Pech, Susanne - 2002

favourable for the long-living individuals, represent an equilibrium. …

Persistent link: https://www.econbiz.de/10010294532

Adverse Selection with individual- and joint-life annuities

Pech, Susanne - 2004

the annuity market. First, we examine the pooling equilibrium for individual-life annuities and show that in the presence … equilibrium may exist. These results are obtained in a framework where couples are mandated to buy joint-life annuities and only …- and joint-life annuities, we find that in equilibrium couples with long-lived partners buy individual-life annuities …

Persistent link: https://www.econbiz.de/10010294618

The Nature of Equilibrium in Macroeconomics: A Critique of Equilibrium Search Theory

Aoki, Masanao; Yoshikawa, Hiroshi - 2008

The standard Walrasian equilibrium theory requires that the marginal value product of production factor such as labor … theory allegedly fills this gap by encompassing apparent disequilibrium phenomena in the neoclassical equilibrium framework … behavior of economic agents. We must seek a new concept of equilibrium different from the standard Walrasian equilibrium in …

Persistent link: https://www.econbiz.de/10010298573

The nature of equilibrium in macroeconomics: A critique of equilibrium search theory

Aoki, Masanao; Yoshikawa, Hiroshi - In: Economics: The Open-Access, Open-Assessment E-Journal 3 (2009) 2009-37, pp. 1-9

Persistent link: https://www.econbiz.de/10010299171

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 … neglecting the possible occurrence of non anticipated novelties, "open loop" evolutionary economics is subject to the converse … trade-off. Basing on a general equilibrium model by T. Kehoe including production and taxes we provide a formal model of an …

Persistent link: https://www.econbiz.de/10010305437

Pre-Vaccination and Quarantine Approach for Defense Against Worms Propagation of Malicious Objects in Wireless Sensor Networks

Ojha, Rudra Pratap; Srivastava, Pramod Kumar; Sanyal, Goutam - In: International Journal of Information System Modeling … 9 (2018) 1, pp. 1-20

Network security poses a challenge to wireless sensor networks (WSNs) achieving its true potential. It is hard to tackle due to operational constraints of networks. Worms have become an emergent threat to the wireless networks. The spread of worms in the network is epidemic in nature. This...

Persistent link: https://www.econbiz.de/10012045656

A Model of Rush-Hour Traffic in an Isotropic Downtown Area

Arnott, Richard J.; Kokoza, Anatolii; Naji, Mehdi - 2015

For a quarter century, a top priority in transportation economic theory has been to develop models of rush-hour traffic dynamics that incorporate traffic jams (hypercongestion). The difficulty has been that “proper” models result in mathematical intractabilty, while none of the proposed...

Persistent link: https://www.econbiz.de/10011307126

On Equilibrium in Pure Strategies in Games with Many Players

Cartwright, Edward; Wooders, Myrna - 2003

many players, every mixed strategy Nash equilibrium can be used to construct a Nash e-equilibrium in pure strategies that …

Persistent link: https://www.econbiz.de/10011325150