. The framework dates back to Ericson and Pakes [1995. Review of Economic Studies 62, 53–82], but it is based on equilibrium … start with an introduction to iterative techniques for computing equilibrium that are analogous to the techniques used to … computational burden of these techniques, and the mechanism implicitly used to select an equilibrium when multiple equilibria are …

trade-off. Basing on a general equilibrium model by T. Kehoe including production and taxes we provide a formal model of an … evolution equilibrium. It is based on arguments from the gradual vs. bang-bang tax reform controversy and from the debate on … optimal macroeconomic policy design. Existence of equilibrium is established extending an analytical result which in a …

trade-off. Basing on a general equilibrium model by T. Kehoe including production and taxes we provide a formal model of an … evolution equilibrium. It is based on arguments from the gradual vs. bang-bang tax reform controversy and from the debate on … optimal macroeconomic policy design. Existence of equilibrium is established extending an analytical result which in a …

Since Lėon Walras neoclassical economists hold an inalterable belief in a unique and stable equilibrium for the … the "data requirement" precludes all attempts at the empirical verification of the existence of a stable equilibrium. If …

trade-off. Basing on a general equilibrium model by T. Kehoe including production and taxes we provide a formal model of an … evolution equilibrium. It is based on arguments from the gradual vs. bang-bang tax reform controversy and from the debate on … optimal macroeconomic policy design. Existence of equilibrium is established extending an analytical result which in a …

This introduces the symposium on general equilibrium. …

In this paper we prove the existence of general equilibrium with transaction costs generalizing Hahn's (Review of …

class of market frictions. It is said to be viable as a model of economic equilibrium if there exist price-taking maximizing … the original equilibrium does not collapse when a new market opens, regardless of preferences and endowments. If the …

Since Leon Walras neoclassical economists hold an inalterable belief in a unique and stable equilibrium for the … the 'data requirement' precludes all attempts at the empirical verification of the existence of a stable equilibrium. If …