Gintis, H. (2007) The Dynamics of General Equilibrium. Economic Journal, 117, 1280-1309.Herbert Gintis, 2007. " The Dynamics of General Equilibrium ," Economic Journal , Royal Economic Society, vol. 117(523), pages 1280-1309, October....
equilibrium (ˌiːkwɪˈlɪbrɪəm) n,pl-riumsor-ria(-rɪə) 1.a stable condition in which forces cancel one another 2.a state or feeling of mental balance; composure 3.(General Physics) any unchanging condition or state of a body, system, etc, resulting from the balan...
A particular form of the last criticism refers to CGE models’ treatment of dynamics. For example, consumers are assumed to save a fixed share of income, and investment decisions are based on historical shares or current rates of return to capital. Savings and investment decisions are not “for...
Known existence theorems are shown to be corollaries to the main theorem of this paper. Furthermore, conditions for the existence of equilibria in certain symmetric regions for games are also given. From the notion of general equilibrium, a general family of game dynamics are derived. This ...
Equilibrium and Disequilibrium Dynamics in the 1930s 来自 EconPapers 喜欢 0 阅读量: 33 作者:Zappia,Carlo 摘要: Notwithstanding considerable efforts by at least two generations of economic theorists, the state of art of general equilibrium theory in the Arrow-Debreu framework is still extremely ...
The critical shear-rate for this transition should go as (layer spacing) . Possible experimental tests of these predictions are discussed. 展开 关键词: Theoretical or Mathematical/ fluctuations membranes shear flow/ equilibrium dynamics nonequilibrium dynamics dilute lamellar phase sterically stabilized ...
This paper presents some results of the computable, general-equilibrium, multiregional overlapping-generations model INGENUE. The purpose of this research ... E Ingenue - The Crop Science Society of Japan 被引量: 159发表: 2001年 Inflation and output dynamics with firm-owned capital We model firm...
persistent business-cycle dynamics. Adynamic complementarity between current and future borrowing limits permits uncorrelated sunspot shocks to unsecured debt to trigger persistent aggregate fluctuations in both secured and unsecured debt, factor productivity, and output. We show that these sunspot shocks ...
The implementation of a new tax regime leads to interesting transition dynamics. For example, after implementing a 0.5% redistributive land value tax, house price rises by 1.67% initially, but eventually it falls by 8.5% in the balanced growth path relative to the house price without the land ...