Results 31 to 40 of about 15,730,620 (174)
Firm‐to‐Firm Trade: Imports, Exports, and the Labor Market
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
EL PROBLEMA DE LA VARIACIÓN DE LOS PRECIOS: LOS LÍMITES DE LA TEORÍA WALRASIANA
Este artículo propone un modelo de equilibrio general idéntico en todo al modelo walrasiano, salvo que incorpora un mecanismo endógeno de variación de los precios.
Carlo Benetti
doaj
Abstract This paper studies dynamic interdependence between economic growth, tourism, and inequalities in income and wealth in a small open economy. We build the dynamic model in an integrated Walrasian-general equilibrium and neoclassical-growth theory for a small open economy with multiple sectors and heterogeneous households in a ...
openaire +1 more source
Physical versus digital currency A difference that makes a difference
This paper compares digital and physical currency, focusing on a single intrinsic difference: digital, unlike physical currency, allows the monetary authority to trace the monetary flows in and out of the accounts. We show that this technological advance in recordkeeping can be used by the monetary authority to improve upon physical currency and ...
Nicola Amendola +2 more
wiley +1 more source
Este artículo propone un modelo de equilibrio general idéntico en todo al modelo walrasiano, salvo que incorpora un mecanismo endógeno de variación de los precios.
Benetti Carlo
doaj
Public Debt Dynamics in a Monetary Economy of Production
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
This study builds a model to analyze dynamic interdependence between economic growth, structural change, inequality in income and wealth, habit formation and preference change in a heterogeneous-households economy. The analytical framework is based on the Walrasian general equilibrium theory and the neoclassical growth theory.
openaire +1 more source
Solving the n $n$‐Player Tullock Contest
ABSTRACT The n $n$‐player Tullock contest with complete information is known to admit explicit solutions in special cases, such as (i) homogeneous valuations, (ii) constant returns, and (iii) two contestants. But can the model be solved more generally?
Christian Ewerhart
wiley +1 more source
Order Routing and Market Quality: Who Benefits From Internalization?
ABSTRACT Does retail order internalization benefit (via price improvement) or harm (via reduced liquidity) retail traders? To answer this question, we compare two market designs that differ in their mode of liquidity provision: In the setting capturing retail order internalization, liquidity is provided by market makers (wholesalers) competing for the ...
Umut Çeti̇n, Albina Danilova
wiley +1 more source
This study derives space travel pricing by Walrasian Equilibrium, which is logical reasoning from the general relativity theory (GRT), the accounting equation, and economic supply and demand functions.
Kang-Lin Peng +3 more
doaj +1 more source

