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agents. The methodology is solely based on three classes of equilibrium conditions from the government's and individual agent …
Persistent link: https://www.econbiz.de/10012734481
We are developing a theory of equilibrium market instability in a general equilibrium duopoly caused merely by …
Persistent link: https://www.econbiz.de/10012912107
We develop a theory of equilibrium market volatility in a general equilibrium duopoly with complete information. The … no convergence of common beliefs of common knowledge to unique mixed strategies equilibrium, hence, rational expectations … approach cannot be applied. Volatility at the market appears from a multiplicity of equilibrium mixed strategies; they cannot …
Persistent link: https://www.econbiz.de/10012895422
We are constructing an imperfect competition general equilibrium model, with non-consumable money and labor market; our … toolkit is an equilibrium default model of Shubik-Wilson (1978). Our result has an ‘equilibrium volatility' simultaneously … not have a convergence of common beliefs of common knowledge. It is impossible to calculate equilibrium mixed strategies …
Persistent link: https://www.econbiz.de/10012895423
We develop a theory of equilibrium market instability in a general equilibrium duopoly caused merely by strategic trade … expectations equilibrium, information discovery property of market price. We demonstrate multiplicity of Pareto-improving pure …
Persistent link: https://www.econbiz.de/10012917108
shocks. We focus on general equilibrium duopoly as a strategic market game with infinite strategies, and a pricing mechanism …-spot equilibrium, and noise trade …
Persistent link: https://www.econbiz.de/10012930331
Throughout our history we have demonstrated the relationship between the decisions of energetic character, economy and the environment. For this reason is that they begin to develop and implement energetic modeling techniques as alternative tools for both the development of energy policies, and...
Persistent link: https://www.econbiz.de/10011703530
The aim of this paper seeks to introduce the basis of the energy economics models defined as a market equilibrium … energy system into top-down general computable equilibrium models (CGE) of the overall economy. A complementarily scheme … analysis requires the uses of complementary methods to solve the economic equilibrium. …
Persistent link: https://www.econbiz.de/10010991928
agents. The methodology is solely based on three classes of equilibrium conditions from the government’s and individual agent …
Persistent link: https://www.econbiz.de/10005086651
’s optimization problem. We do not impose any additional restrictions or assumptions on the equilibrium allocations. Compared to other …
Persistent link: https://www.econbiz.de/10005357498