Results 21 to 30 of about 707 (178)
Asian Journal of Economic Modelling, 2017 The purpose of this study is to examine dynamic interdependence between economic development, wealth and income distributions, and discrimination in an integrated Walrasian-general-equilibrium and neoclassical-growth theory. We build a dynamic economy with one consumer goods sector, one capital goods sector, and heterogeneous households.
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On Aubin's Veto Mechanism: A Survey
Journal of Public Economic Theory, Volume 28, Issue 4, August 2026.ABSTRACT We revisit Aubin's veto mechanism—known as the fuzzy veto—in which agents may participate in a blocking coalition with only a fraction of their endowments, and show that its Core‐Walras equivalence stems directly from the classical Debreu‐Scarf and Aumann theorems.
Carlos Hervés‐Beloso +2 more
wiley +1 more source
Bounded Rational Players in a Symmetric Random Exchange Market
MathematicsA model of Edgeworthian economies is studied, in which participants are randomly chosen at each period to exchange two goods to increase their utilities, as described by the Cobb–Douglas utility function.
Aliyu Yusuf +3 more
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Climate Change Laws and European Stock Markets: An Event Analysis
International Journal of Finance &Economics, Volume 31, Issue 3, Page 3027-3058, July 2026.ABSTRACT Under the context of the climate change we assess the impact of EU's legislative initiative on European stock markets. Specifically, we focus on its impact on energy and Environmental Social Governance (ESG) sectors for equity returns and volatility for a representative basket of EU countries (participating also in Eurozone) as well as ...
Theodoros Bratis +2 more
wiley +1 more source
Rate of Interest and Intertemporal Preferences in Multisectoral Frameworks: A Critical View
Metroeconomica, Volume 77, Issue 3, Page 243-250, July 2026.ABSTRACT This paper analyses a closure of Sraffa's price system found in some neoclassical literature, which involves equating the rate of interest with the rate of time preference. This closure aims to reconnect the rate of interest with individuals' intertemporal preferences.
Enrico Bellino, Gabriel Brondino
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Luigi Pasinetti and Adolph Lowe: Bridging Capital Theory and Institutional Analysis
Metroeconomica, Volume 77, Issue 3, Page 265-273, July 2026.ABSTRACT This article examines the convergence of Luigi Pasinetti's and Adolph Lowe's political economy, linking capital theory, institutions, and normative methodology. Pasinetti's two‐stage approach and Lowe's instrumental method share a common emphasis on the structural requirements and institutional arrangements for attaining and maintaining full ...
Michael J. Murray
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Journal of Economic Development, 2017 This study deals with interactions between social status, economic growth and income and wealth distribution in an economic growth model of heterogeneous households with economic structure. The model emphasizes the role of social status on economic structural change and wealth and income distribution.
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Firm‐to‐Firm Trade: Imports, Exports, and the Labor Market
Econometrica, Volume 94, Issue 4, Page 1135-1170, July 2026.Customs data reveal the heterogeneity and granularity of relationships among buyers and sellers, showing how more exports to a destination break down into more firms selling there and more buyers per exporter. We develop a quantitative general equilibrium model of firm‐to‐firm matching that builds on this insight to separate the roles of iceberg costs ...
Jonathan Eaton +2 more
wiley +1 more source
Annals of the Alexandru Ioan Cuza University - Economics, 2014 Abstract This paper is concerned with relationship between growth and land value change. It builds a heterogeneous-households growth model with endogenous wealth accumulation and fixed nondepreciating asset (land) in an integrated Walrasian general equilibrium and neoclassical growth theory.
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Public Debt Dynamics in a Monetary Economy of Production
Metroeconomica, Volume 77, Issue 2, Page 147-173, May 2026.ABSTRACT This paper investigates the determinants and stability conditions of the public debt‐to‐GDP ratio within a theoretical framework representing the main characteristics of a monetary economy of production. To this end, we develop a dynamic Stock‐Flow Consistent (SFC) model based on the Supermultiplier approach, incorporating both bank and fiat ...
Lorenzo Di Domenico
wiley +1 more source