Results 51 to 60 of about 10,277 (175)
Implementation of the Walrassian Correspondance by Market Games [PDF]
, 1995 In this paper we present a set ofaxioms guaranteeing that, in exchange economies with or without indivisible goods, the set of Nash, Strong and active Walrasian Equilibria aH coincide in the framework of market ...
Corchón, Luis C., Wilkie, Simon
core +1 more source
, 2016 Walrasian equilibrium prices can be said to coordinate markets: They support a welfare optimal allocation in which each buyer is buying bundle of goods that is individually most preferred. However, this clean story has two caveats.
Babaioff Moshe +13 more
core +1 more source
Money and Credit Coexistence, Excess Capacity, and the Size of Monetary Aggregates
Journal of Money, Credit and Banking, Volume 57, Issue 2-3, Page 477-513, March-April 2025.Abstract This paper develops a model where money is demanded in excess of spending needs. As a result, money coexists with large availabilities of credit and the model explains the levels of monetary aggregates held in modern economies via the endogenous creation of inside money. At the heart of the model, there is a search friction in the goods market,
ALESSANDRO MENNUNI
wiley +1 more source
Wassily Leontief and Léon Walras: the Production as a Circular Flow [PDF]
Leontief’s input-output models are usually viewed as simplified classical (neo-Ricardian) models. However, this interpretation hides two opposed views. On the one hand, the common interpretation, based on Koopmans and Samuelson’s works, considers the so ...
Akhabbar, Amanar, Lallement, Jérôme
core +1 more source
Does Increasing Concentration Hit Poorer Areas More? A Study of Retail Petroleum Markets*
The Journal of Industrial Economics, Volume 73, Issue 1, Page 70-123, March 2025.A central tenet in the field of industrial organisation is that increasing/decreasing market concentration is associated with increased/reduced markups. But does this variation affect every consumer to the same extent? Previous literature finds price dispersion exists even for homogeneous goods, at least partially as a result of heterogeneity in ...
Peter L. Ormosi +3 more
wiley +1 more source
Economic time as a regulator mechanism of self-organization economic system
RUDN Journal of Economics, 2014 In this article as an object of study is considered the economic system and the mechanism of self-organization. Subject of research-economic times in the mechanism of self-organization of the economic system.
S E Zhelayeva
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Cap‐and‐Trade and Carbon Tax Meet Arrow–Debreu
Econometrica, Volume 93, Issue 2, Page 357-393, March 2025.We propose two general equilibrium models, quota equilibrium, and emission tax equilibrium. Government specifies quotas or taxes on emissions, and then refrains from further action. All results remain valid regardless of how government chooses its emissions target.
Robert M. Anderson, Haosui Duanmu
wiley +1 more source
Evolution and Walrasian Behavior in Market Games [PDF]
We revisit the question of price formation in general equilibrium theory. We explore whether evolutionary forces lead to Walrasian equilibrium in the context of a market game, introduced by Shubik (1972).
Alexander Matros, Ted Temzelides
core
Economic crises and energy use: An input–output analysis of Catalonia's 2008–2014 financial crisis
Journal of Industrial Ecology, Volume 29, Issue 1, Page 185-203, February 2025.Abstract The impact of economic crises on an economy's energy consumption, considering its sectorial interactions, remains an unexplored area. For this article, we investigated the structural sectorial relationships in energy terms before, during, and after Catalonia's 2008–2014 financial crisis, using environmentally extended input–output analysis. We
Jaume Freire‐González, Oliver Canosa
wiley +1 more source
Money, form and the determination of value Dinero, forma y determinación del valor
Cuadernos de Economía, 1998 This article seriously considers the form of value as an essential part of Marx's critique of political economy. It shows that this critique is especially relevant with respect to the modern theory of general equilibrium.
Benetti Carlo, Cartelier Jean
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