The equilibrium analyses under the classical growth framework mainly concern production processes so far and the utility-maximization of consumers is left out of consideration. On the basis of the thoughts of the equilibrium analyses under the classical growth framework, some numerical examples...

The equilibrium analyses under the classical growth framework mainly concern production processes so far and the utility-maximization of consumers is not considered sufficiently. Treating a consumer as a producer of labor or land-use right etc. with a utility parameter, this paper presents...

The equilibrium analyses under the classical growth framework mainly concern production processes so far and the utility-maximization of consumers is not considered sufficiently. Treating a consumer as a producer of labor or land-use right etc. with a utility parameter, this paper presents...

By integrating the fiat money into the structural growth model in [1], this paper presents a dynamic model for the simulation study of interest rate. And the model is illustrated with a numerical example. The equilibria of the numerical example are also computed by the method in [2]. The...

This paper presents a discrete-time growth model to describe the dynamics of a multi-agent economy, and the model consists of production process, exchange process, price and technology adjustment processes etc. Technologies of agents in each period are represented by a technology matrix pair,...

This paper presents a linear multi-sector equilibrium model with taxation, which includes two types of consumers (i.e. laborers and capitalists). In the model capitalists exploit laborers by levying taxes. Hence, the issues of the income distribution between laborers and capitalists can be...

In this paper, a general equilibrium model is developed to analyze the determination of the equilibrium exchange rates. The model can deal with multiple types of moneys and moneys are integrated into the model through demand functions. When the endowments, preferences, production technologies...

In the neoclassical economics the tatonnement process is utilized to explain the price change. However, the tatonnement process assumes that there is no trading before the prices reach the equilibrium prices, which is extremely unrealistic since in the markets of the real world the exchange...

By using the analysis method of game theory, this paper analyzes the phenomenon of price paradox of vegetable basket in China and its reason as follows: me price paradox of vegetable basket in China is that if the vegetable is cheap, it will harm farmers, and if the vegetable is expensive, it...