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This paper discusses the relative strengths and weaknesses of alternative solution methods in applied general equilibrium (AGE) analysis. The particular focus is not on the technical properties of solution algorithms, but instead deals with the general issue of using linearised approximation...
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This paper reviews the strategic trade literature in oligopolistic industries beginning with the Brander-Spencer (1984) model of duopolistic international rent shifting. Issues of long-run equilibrium, entry conditions, and empirical estimates of the size of oligopolistic rents in tradable goods...
Persistent link: https://www.econbiz.de/10005466906
This paper discusses the relative strengths and weaknesses of alternative solution methods in applied general equilibrium (AGE) analysis. The particular focus is not on the technical properties of solution algorithms, but instead deals with the general issue of using linearised approximation...
Persistent link: https://www.econbiz.de/10005045915
Persistent link: https://www.econbiz.de/10005773855
In this paper the authors consider both the transitional and long-run implications of one aspect of changing Canada's constitutional structure--dividing the federal debt. They argue that it may be very difficult to agree on a division formula and particular regions may have strong incentives to...
Persistent link: https://www.econbiz.de/10005773949