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An unpleasant dilemma for contemporary general equilibrium theory

, 2016
By examining the contributions of two prominent contemporary neoclassical economists, i.e. Lucas and Hahn, the article attempts to shed light on the problematic relationship between neoclassical theory and observation.
Ariel Dvoskin
semanticscholar   +1 more source

General Equilibrium and Welfare in International Trade

Œconomia, 2012
General equilibrium is investigated in the tradition of Cournot, Mill, and Marshall, as applied to countries rather than individuals, on the assumption that individual preferences can be aggregated. This includes the competitive equilibrium of free trade,
John S. Chipman
doaj   +1 more source

Rational Play in Extensive-Form Games

Games, 2022
We argue in favor of a departure from the equilibrium approach in game theory towards the less ambitious goal of describing only the actual behavior of rational players.
Giacomo Bonanno
doaj   +1 more source

A Study of the Role of Government in Income and Wealth Distribution by Integrating the Walrasian General Equilibrium and Neoclassical Growth Theories [PDF]

Interdisciplinary Description of Complex Systems, 2014
This paper proposes a growth model of heterogeneous households with economic structure, wealth accumulation, endogenous labour supply, and tax rates. The paper is focused on effects of redistribution policies on income and wealth distribution, economic ...
Wei-Bin Zhang
doaj   +1 more source

General Equilibrium Effects in Space: Theory and Measurement

, 2019
How do international trade shocks affect spatially connected regional markets? We answer this question by extending shift-share empirical specifications to incorporate general equilibrium effects that arise in spatial models.
Rodrigo Adão, Costas Arkolakis, Federico Esposito   +2 more
semanticscholar   +1 more source

Sequence determinants of RNA G‐quadruplex unfolding by Arg‐rich regions

FEBS Letters, EarlyView.
We show that Arg‐rich peptides selectively unfold RNA G‐quadruplexes, but not RNA stem‐loops or DNA/RNA duplexes. This length‐dependent activity is inhibited by acidic residues and is conserved among SR and SR‐related proteins (SRSF1, SRSF3, SRSF9, U1‐70K, and U2AF1).
Naiduwadura Ivon Upekala De Silva, Puspa Kunwar, Md Ibnul Rifat Rahman, Joanna Koryo Kwao, Nathan Lehman, Zihan Zhang, Trenton Paul, Claire Cheng, Nicholas Truex, Hui‐Ting Lee, Jun Zhang   +10 more
wiley   +1 more source

Topology Unveiled: A New Horizon for Economic and Financial Modeling

Mathematics
Sinceits introduction in the 19th century to address geometric problems, topology as a methodology has undergone a series of evolutions, encompassing branches of geometric topology, point-set topology (analytic topology), algebraic topology, and ...
Yicheng Wei, Junzo Watada, Zijin Wang
doaj   +1 more source

The Passage of Time, Capital, and Investment in Traditional and in Recent Neoclassical Value Theory

Œconomia, 2017
With the shift from traditional analyses where capital is a single value factor of variable ‘form’ to the neo-Walrasian versions, general equilibrium theory has encountered new problems pointed out by P.
Fabio Petri
doaj   +1 more source

Gut microbiome and aging—A dynamic interplay of microbes, metabolites, and the immune system

FEBS Letters, EarlyView.
Age‐dependent shifts in microbial communities engender shifts in microbial metabolite profiles. These in turn drive shifts in barrier surface permeability of the gut and brain and induce immune activation. When paired with preexisting age‐related chronic inflammation this increases the risk of neuroinflammation and neurodegenerative diseases.
Aaron Mehl, Eran Blacher
wiley   +1 more source

Nonequilibrium Entropy in a Shock

Entropy, 2017
In a classic paper, Morduchow and Libby use an analytic solution for the profile of a Navier–Stokes shock to show that the equilibrium thermodynamic entropy has a maximum inside the shock.
L.G. Margolin
doaj   +1 more source