Results 41 to 50 of about 10,277 (175)
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
Bargaining Foundations for Price Taking in Matching Markets
ABSTRACT Agents make noncontractible investments before bargaining over who matches with whom and their terms of trade. An agent is a price taker when her investments do not change her potential partners' payoffs. This incentivizes socially optimal investments.
Matthew Elliott, Eduard Talamàs
wiley +1 more source
Existence of Equilibria for Shared Goods
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
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
Convergence in the Finite Cournot Oligopoly with Social and Individual Learning [PDF]
Convergence to the Nash equilibrium in a Cournot oligopoly is a question that recurrently arises as a subject of controversy in economics. The development of evolutionary game theory has provided an equilibrium concept more directly connected with ...
Vallée, Thomas, Yildizoglu, Murat
core +1 more source
ABSTRACT Building on Walter Isard's location and gravity theories in economics, we extend his trade model to better understand its core principles, including commercial attraction, center of gravity in markets, and favorable location for exporting firms.
Luigi Capoani +2 more
wiley +1 more source
A Model for Sustainable Development in Territorial Production Systems
ABSTRACT The territorial production system demand innovation and adaptability to provide the majority of decisions, especially when splitting up available resources among productive sectors by the lens of sustainable development. The system's economic units evolve in dimensional profile, technical execution, and management of productive process to ...
Francesco Sica +2 more
wiley +1 more source
This study proposes an economic growth model of structural change with heterogeneous households. It endogenously determine wealth accumulation and land value. Our model is based on three core theories in economics - Walrasian general equilibrium theory, Ricardian theory of distribution, and neoclassical growth theory. The paper is focused on effects of
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Expectational Equilibria and Drèze Equilibria in Many‐to‐One Matching Models
ABSTRACT We study coalition formation in many‐to‐one matching models from a competitive equilibrium perspective. We cover both models with and models without monetary transfers. A first notion to do so is the one of Drèze equilibrium, which we extend to the many‐to‐one setup. A second concept is expectational equilibrium.
P. Jean‐Jacques Herings
wiley +1 more source
CONTROVERSIAS ACTUALES EN LA TEORÍA PURA DEL DINERO
En este trabajo se expone el debate actual sobre la teoría pura del dinero evaluando la validez de los resultados de dos clases de modelos neoclásicos -de generaciones traslapadas y de búsqueda- que intentan explicar el dinero a partir de la teoria del ...
Ari Wancier
doaj

