Results 111 to 120 of about 32,632 (304)

Dutch disease, unemployment and structural change

Economic Inquiry, EarlyView.
Abstract We find that Dutch disease effects on unemployment are small even in a commodity‐rich economy like Australia. Using an estimated open‐economy model with frictional unemployment, we quantify how business‐cycle shocks and structural changes shape aggregate unemployment.
Mariano Kulish, James Morley, Nadine Yamout, Francesco Zanetti   +3 more
wiley   +1 more source

Modeling of Collusion Behavior in the Electrical Market Based on Deep Deterministic Policy Gradient

Energies
The evolution of the electricity market has brought the issues of market equilibrium and collusion to the forefront of attention. This paper introduces the Deep Deterministic Policy Gradient (DDPG) algorithm on the IEEE three-bus electrical market model.
Yifeng Liu, Jingpin Chen, Meng Chen, Zhongshi He, Ye Guo, Chenghan Li   +5 more
doaj   +1 more source

Strong Berge and Pareto Equilibrium Existence for a Noncooperative Game [PDF]

In this paper, we study the main properties of the strong Berge equilibrium which is also a Pareto efficient (SBPE) and the strong Nash equilibrium (SNE).
Moussa Larbani, Rabia Nessah, Tarik Tazdaït   +2 more
core  

Helicopter drops in an open economy when markets are incomplete

Economic Inquiry, EarlyView.
Abstract We characterize the spillover effects of helicopter drops and optimal monetary policy in a tractable two‐country overlapping generations model with incomplete markets. As helicopter drops can affect the distribution of income across countries, they create room for redistribution policies which are particularly relevant when agents are ...
Sara Eugeni
wiley   +1 more source

Two stage stochastic equilibrium problems with equilibrium constraints: modeling and numerical schemes

, 2010
This paper presents a two stage stochastic equilibrium problem with equilibrium constraints (SEPEC) model. Some source problems which motivate the model are discussed. Monte Carlo sampling method is applied to solve the SEPEC. Convergence analysis on the
Xu, Huifu, Zhang, Dali
core  

Religious politics and the limits of redistribution: The rise and fall of family allowances in Spain, 1926–58

The Economic History Review, EarlyView.
Abstract After the Second World War, family allowances became a cornerstone of social spending in western Europe. Whilst religion is often highlighted as a driver of this policy, the role of political Catholicism remains contested, particularly in southern Europe.
Guillem Verd‐Llabrés
wiley   +1 more source

Uniqueness of Nash equilibrium in vaccination games

Journal of Biological Dynamics, 2016
One crucial condition for the uniqueness of Nash equilibrium set in vaccination games is that the attack ratio monotonically decreases as the vaccine coverage level increasing.
Fan Bai
doaj   +1 more source

Nash Equilibrium and Mechanism Design [PDF]

Nash, mechanism ...
Eric Maskin
core  

The slow emergence of the rational investor: Grain markets and grain storage of rural estates in western Germany, eighteenth and early nineteenth centuries

The Economic History Review, EarlyView.
Abstract We develop new datasets of monthly grain prices in 14 urban markets and of the storage and marketing of grain by 5 rural estates located in western Germany between the late seventeenth century and c. 1860. We explore whether observed patterns of monthly prices, sales, and storage of grain are consistent with the rational competitive storage ...
Matthias Hartermann, Ulrich Pfister, Friederike Scholten‐Buschhoff   +2 more
wiley   +1 more source

On the existence of Nash equilibrium in electoral competition [PDF]

This paper generalizes previous existence results on unidimensional electoral competition, by extending the traditional two-party electoral game to the case where parties have mixed motivations, in the sense that they are interested in winning the ...
Alejandro Saporiti
core