Results 41 to 50 of about 20,274 (226)

Can Trade Policy Mitigate Climate Change?

Econometrica, Volume 93, Issue 5, Page 1561-1599, September 2025.
Trade policy is often cast as a solution to the free‐riding problem in international climate agreements. This paper examines the extent to which trade policy can deliver on this promise. We incorporate global supply chains of carbon and climate externalities into a multi‐country, multi‐industry general equilibrium trade model.
Farid Farrokhi, Ahmad Lashkaripour
wiley   +1 more source

Existence of Equilibria for Shared Goods

Journal of Public Economic Theory, Volume 27, Issue 4, August 2025.
ABSTRACT A shared good is an impure public good in which personalized consumptions are produced by groups using a sharing technology. Rivalry in consumption is captured by the shape of this technology. Private goods and pure public goods are special cases in which there is complete rivalry and no rivalry, respectively.
John A. Weymark
wiley   +1 more source

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
core   +5 more sources

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

Pareto’s 1920-21 Manuscript on Money and the Real Economy [PDF]

In the 1896-97 Cours d’Économie Politique and the 1906 Manuale di Economia Politica, Vilfredo Pareto made no use of the ‘Fisherian’ type quantity theory equations of exchange that Walras developed in the 1874 edition of the Éléments d’Économie Politique ...
Michael McLure
core   +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, Larry Samuelson, Lucas Vernet   +2 more
wiley   +1 more source

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
doaj   +3 more sources

On Core-Walras Equivalence in Banach Spaces when Feasibility is defined by the Pettis Integral [PDF]

The paper studies the core-Walras equivalence problem in the commodity space framework of Banach spaces, allocations being defined as Pettis integrable functions.
Konrad Podczeck
core  

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

Economía monetaria-economía de trueque: la cuestión de la unidad de cuenta común

Lecturas de Economía, 2010
Se puntualizan algunas dificultades del análisis de la unidad de cuenta mediante el examen sucesivo de la teoría del arbitraje en Walras, la teoría de las formas del valor en Marx y la teoría de las tasas propias de interés en Keynes.
Carlo Benetti
doaj   +1 more source