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The aim of this paper is to characterise the set of non regular economies, when there is a finite number of consumers with either finite or infinitely many goods. We prove that the structure of the equilibrium set is the same in both cases and that there exist bifurcations in some of these models.
Persistent link: https://www.econbiz.de/10005672106
The aim of this paper if to characterize the set of singular economies, when there are a finite set of consumers with infinitely many goods in the sense that goods differ in the time which they are consumed or in the state of the world in which they become available. There exist l available...
Persistent link: https://www.econbiz.de/10005672108
Persistent link: https://www.econbiz.de/10004990429
The object of this paper is to show some examples of economies in which singular equilibria occur as a consequence of utility functions and where this equilibria play a crucial rolle to understand the behavior of the economy as a system. An economy will be called singular if little changes in...
Persistent link: https://www.econbiz.de/10005292554
In this paper we analyze, from the Negishi approach the concepts of structurally stable and structurally unstable economies on Banach's spaces. With this purpose we formalize the intuitive concept of similar economies. We show that in certain cases similar (or neighboring) economies can show no...
Persistent link: https://www.econbiz.de/10010630361
Persistent link: https://www.econbiz.de/10007981280
En este documento se examina la evolución de las economías de América Latina en 1990–2011, con el fin de identificar avances, pendientes y retrocesos asociados a las reformas de mercado que se aplicaron, en línea con el Consenso de Washington, y a las políticas económicas que le...
Persistent link: https://www.econbiz.de/10011144385
This paper argues that in the context of the knowledge economy the coevolution of S&T and Innovation is crucial for developing countries. Two features limit such coevolution in this type of countries: (i) the conditions for generating variation, selection and retention (VSR) processes in both...
Persistent link: https://www.econbiz.de/10011266366
This paper describes the dynamics of economic performance for the sub-national Mexican states from 1970 to 2006; the state variables used are the levels and the growth rates of per capita GDP. The authors situate this approach in a conceptual and methodological panorama of the existent literature....
Persistent link: https://www.econbiz.de/10010823175
This paper explores the existence of links among the recent trends in income distribution, in the turnover of the financial industry and in financial regulation, moving from Sraffa's analyses of money and banking. It presents a linear production model where a banking industry is introduced and...
Persistent link: https://www.econbiz.de/10010969965