Computing Solutions for Large General Equilibrium Models Using GEMPACK a range of utility programs for handling the economic data base and the results of simulations, and is fully documented from a user's point of view. ... WJ Harrison,KR Pearson - 《Computational Economics》 被引量: 940发表:...
If the criticism of the concept of equilibrium in economics is already known, it does not lead, quite as much, to a theory of innovation. We would like to address the issue of creativity by backing the reasoning by the questioning of the concept of equilibrium, using an analogy coming ...
1.(Economics) progressively smaller rises in output resulting from the increased application of a variable input, such as labour, to a fixed quantity, as of capital or land 2.(Economics) the increase in the average cost of production that may arise beyond a certain point as a result of inc...
Equilibrium Point Selection in a Class of Market Entry Games - Selten, Guth - 1982 () Citation Context ...al., 1997), packet traffic in networks (Huberman and Lukose, 1997), and ecologies of foraging animals (DeAngelis and Gross, 1992). Similar coordination problems are encountered in ...
(2013). Knowledge based economy in a neo-Schumpeterian point of view. Equilibrium, 8(4), 67-77.Śledzik, Karol. 2013. "Knowledge Based Economy in a Neo-Schumpeterian Point of View". Equilibrium. Quarterly Journal of Economics and Economic Policy 8(4): 67-77, DOI: http://dx.doi.org...
In fall 1935, Abraham Wald presented a fixed-point proof of a general equilibrium model to Karl Menger's Mathematical Colloquium in Vienna. Due to limited space, the paper could not be printed in the eighth proceedings of the Colloquium (the Ergebnisse) published in spring 1937 but was ...
Based on uncertainty theory, the Hurwicz model of the zero-sum uncertain differential game with jump is formulated, in which the dynamic system is portrayed by an uncertain differential equation satisfying both the canonical Liu process and V-jump uncertain process. An equilibrium equation for ...
Equilibrium The point where quantity demanded and quantity supplied come together is known as equilibrium. It is the point of balance between price and quantity where the market for a good is stable. If the market price or quantity is anywhere but equilibrium, the market is in a state that ...
We can very conveniently elucidate the shut-down point graphically. Let us assume that theaverage revenue, marginal revenue, average and marginal cost curves are given. E is the original point of equilibrium of the firm where AR = MR = †‘ MC = Min AC. ...
Environmental sustainability can be defined as the capacity to preserve the resources of nature and uphold the equilibrium in the ecosystem of our world to promote the welfare of generations to come. Environmental sustainability benefits businesses as much as the environment for organizations. Organization...