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In this paper, we consider a T-stage linear model of Stackelberg oligopoly. First, we show geometrically and analytically that under the two conditions of linear market demand and identical constant marginal costs, the T-stage Stackelberg model reduces to a model where T oligopolies exploit...
Persistent link: https://www.econbiz.de/10010902354
Resumen: En este artículo se considera un modelo de oligopolio de Stackelberg lineal en T etapas. En primer lugar, se muestra geométrica y analíticamente que bajo las condiciones de demanda de mercado lineal y costos marginales constantes e idénticos el modelo de Stackelberg en T etapas se...
Persistent link: https://www.econbiz.de/10010763772
We consider a real business cycle model with a productive externality and an aggregate non- convex technology set µa la Benhabib and Farmer embodying capacity utilization, which exhibits indeterminacy of the steady state and multiplicity of deterministic equilibria under plausible values of the...
Persistent link: https://www.econbiz.de/10011753163
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Persistent link: https://www.econbiz.de/10008836272
We consider a real business cycle model with a productive externality and an aggregate non-convex technology set a la Benhabib and Farmer embodying capacity utilization, which exhibits indeterminacy of the steady state and multiplicity of deterministic equilibria under plausible values of the...
Persistent link: https://www.econbiz.de/10014213865
This paper documents the disciplinary exchanges between economists and engineers at Stanford throughout the 20th century. We elucidate how this cross-fertilization was mediated by the institutional structure of the university. We outline the role of key scholars such as Kenneth Arrow and Robert...
Persistent link: https://www.econbiz.de/10014106675
In a 1957 paper, Robert Solow exploited the mathematical properties of the aggregate production function to isolate the role of disembodied “technical change” in economic growth. Solow's method allowed to disentangle the role of technical change from that of production factors, with the...
Persistent link: https://www.econbiz.de/10012909556
This paper introduces twin special issues of the Revue d’Economie Politique on the role that seminars, workshops and conferences have played in the history of economics in the 20th century. Our goal is to turn what have been a systematic background feature in the history of key concepts,...
Persistent link: https://www.econbiz.de/10013221338
According to its creator Michel Juillard, Dynare is a “pre-processor and a collection of routines” aimed at solving and estimating non-linear rational expectation models. This article focuses on the role of Dynare in the dissemination of dynamic stochastic general equilibrium (DSGE) models...
Persistent link: https://www.econbiz.de/10014345400
Persistent link: https://www.econbiz.de/10015198541