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This paper aims to capture key features of the Ricardo–Viner (RV) and Heckscher–Ohlin (HO) theories in a single dynamic general equilibrium framework. We use a simple 2-sector 2-factor model with adjustment costs associated with the movement of capital across sectors. We analyze the...
Persistent link: https://www.econbiz.de/10011858384
We provide stylized facts on the existence and dynamics over time of the large firm wage premium for four countries. We …
Persistent link: https://www.econbiz.de/10011917072
This paper provides a formal dynamic analysis of exploitation, class inequalities and profits. A stylised model of a capitalist economy with two classes - workers and capitalists - is considered which extends Roemer [21, 22]. First, a dynamic generalisation of a key Marxian insight is provided...
Persistent link: https://www.econbiz.de/10011927981
We derive aggregate supply (AS) relationships for an intermediate-run macro model.The wage-price spiral provides the conceptual framework for a synthesis of different contesting theoretical and empirical perspectives on the AS curve: the Phillips curve model (PCM) and the wage-price equilibrium...
Persistent link: https://www.econbiz.de/10011968395
from imitators, and the dynamics of R&D competition. Competition in the product market using existing technologies … circumstances, a firm with market power has an incentive and ability to preempt rivals, and the dynamics of innovation competition …
Persistent link: https://www.econbiz.de/10014613574
This paper investigates the process of adjustment in employment. A dynamic model is applied to a panel of six Tunisian manufacturing industries observed over a period of 25 years, from 1971 to 1996. Industries are assumed to adjust their labor inputs toward a desired level. A labor requirement...
Persistent link: https://www.econbiz.de/10014618721
Structural system identification methods are analytical techniques for reconciling test data with analytical models. The response data frequently used to compare a finite element model and test data are the eigenvalues of the system. However, eigenvalues alone cannot assure an adequate model....
Persistent link: https://www.econbiz.de/10009435739
Transportation-related decisions of people often depend on what everybody else is doing. For example, decisions about mode choice, route choice, activity scheduling, etc., can depend on congestion, caused by the aggregated behavior of others. From a conceptual viewpoint, this consistency problem...
Persistent link: https://www.econbiz.de/10009436224
cases the desired test conditions necessitate the use of a support structural that introduces dynamics of its own. For such …
Persistent link: https://www.econbiz.de/10009436453
problem as the well studied Cournot Duopoly would be a good starting point. In economics dynamics studies the oligopoly model … dynamics framework through a random matching mechanism of the experimental subjects. From the theoretical perspective many … extended this analysis to unstable dynamics in Cournot duopoly. They used analytical and numerical tools to study the relevance …
Persistent link: https://www.econbiz.de/10009436918