Results 241 to 250 of about 1,618,039 (306)

General equilibrium spatial models [PDF]

open access: possibleThe Annals of Regional Science, 2001
This paper confirms the so called perverse effect of Loschian entry on wages regardless of the form of the labor supply curves. The form of our labor supply after firm entry is not only different from the one before entry, but also sharply different from that found by Kohlhase and Ohta [8].
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Overlapping Generations Model of General Equilibrium [PDF]

open access: possible, 1987
The consumption loan model that Paul Samuelson introduced in 1958 to analyse the rate of interest, with or without the social contrivance of money, has developed into what is without doubt the most important and influential paradigm in neoclassical general equilibrium theory outside of the Arrow—Debreu economy.
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Computable General Equilibrium Modelling

1994
This paper reviews computable general equilibrium (CGE) modelling, taking as pathbreaking its starting point the contribution of Johansen (1960). It gives a brief history of the field; reviews solution procedures based on linear computations for single-period and multi-period models; sets out the theoretical structure, the data and some simulations ...
Dixon, Peter B.   +3 more
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Variational Inequalities and General Equilibrium Models

2021
We deal with the study of several general equilibrium models by using the variational inequality theory. The theory of variational inequalities was introduced in the sixties of the past century by Fichera (1964) [27], and Lions and Stampacchia (1965) [28], as an innovative and effective method to solve equilibrium problems arising in mathematical ...
Monica Milasi   +3 more
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General Equilibrium Models

2018
The main characteristic of a basic NK model is the introduction of price stickiness in the production sector. In order to achieve this, NK models include two market imperfections: First, price rigidities require firms not to be price takers, hence some type of market power has to be introduced.
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General Equilibrium Models

1993
Since the time of Leon Walras (1834–1910), describing the economy as systems of simultaneous equations has been a customary task of economists. They are broadly called general equilibrium models, though there are several variations among them. In this chapter we describe a method of obtaining numerical solutions of these models with Mathematica.
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