Results 41 to 50 of about 20,185 (224)
“El precio es correcto”: Léon Walras y la justicia económica
Revista Mexicana de Ciencias Políticas y Sociales, 2015 Este artículo describe los intento de Léon Walras por establecerse como uno de los fundadores del pensamiento económico neoclásico o lo que, posteriormente, fue llamado “revolución marginal” durante la década de 1870. Junto con H. H. Gossen, W. S. Jevons,
Keith Philip Tribe
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Efficient taxation of sugar‐sweetened beverages and missing markets for sugar content
The Scandinavian Journal of Economics, Volume 127, Issue 3, Page 576-612, July 2025.Abstract This paper identifies missing markets for the sugar content of sugar‐sweetened beverages (SSBs) as a novel foundation of soft drink taxation. If the social marginal value of sugar content is negative, then missing price signals imply an inefficiently high sugar content. Efficiency is restored with a tax on the sugar content per unit of the SSB,
Thomas Eichner, Marco Runkel
wiley +1 more source
Unified gross substitutes and inverse isotonicity for equilibrium problems
Theoretical Economics, Volume 20, Issue 3, Page 941-971, July 2025.We introduce a notion of substitutability for correspondences and establish a monotone comparative static result. More precisely, we introduce the notions of unified gross substitutes and nonreversingness and show that if Q:P⇉Q is a supply correspondence defined on a set of prices P, which is a sublattice of RN, and Q satisfies these two properties ...
Alfred Galichon +2 more
wiley +1 more source
Perfect Competition in a Bilateral Monopoly [PDF]
We show that if limit orders are required to vary smoothly, then strategic (Nash) equilibria of the double auction mechanism yield competitive (Walras) allocations.
Dieter Sondermann, Pradeep Dubey
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Upskilling China: Implications for Middle‐Income Economies
The World Economy, Volume 48, Issue 6, Page 1297-1320, June 2025.ABSTRACT Acquiring human capital and climbing the ladder of manufacturing sophistication are development policy goals shared by most middle‐income countries. What happens when China, a large economy with active industrial policy, begins to expand into sectoral niches formerly occupied by its middle‐income trade partners? We build a multi‐country, multi‐
Varan Kitayaporn, Ian Coxhead
wiley +1 more source
Core allocations may not be Walras allocations in any large finite economy with indivisible commodities [PDF]
We consider an exchange economy where every commodity can be consumed only in integer amounts. Inoue [Inoue, T., 2005. Do pure indivisibilities prevent core equivalence?
Tomoki Inoue
core
Free Banking, the Real-Balance Effect, and Walras´ Law [PDF]
, 2008 The author of this article draws special attention to two particular claims of the free bankers concerning the supposed working characteristics of a fractional-reserve free banking system which may strike the reader as questionable.
van den Hauwe, Ludwig
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Do we Need a ‘New Strategy Paradigm’? No
Journal of Management Studies, Volume 62, Issue 2, Page 986-1002, March 2025.Abstract Bansal et al.'s Point piece, "Strategy's Ecological Fallacy: How strategy scholars have contributed to the ecological crisis and what we can do about it," calls for reforming the strategy field to focus on the natural environment, ecological cycles, and interconnections across natural and social levels, in service of value creation for ‘a ...
Nicolai J. Foss, Peter G. Klein
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Bifurcations in a multicomponent Walras-type system under lack of information
Vestnik Samarskogo Gosudarstvennogo Tehničeskogo Universiteta. Seriâ: Fiziko-Matematičeskie Nauki, 2012 We consider a Walras-type equilibrium model with a supply function specified by A. A. Shananin. In order to investigate a stability of market equilibrium under lack of information we develop a distributed model where price becomes discrete space variable.
Anna S Pivovarova
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Cournot-Walras Equilibrium as a Subgame Perfect Equilibrium [PDF]
In this paper, we investigate the problem of the strategic foundation of the Cournot-Walras equilibrium approach. To this end, we respecify a'la Cournot-Walras the mixed version of a model of simultaneous, noncooperative exchange, originally proposed by ...
Busetto, Francesca +2 more
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