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Markets, prices and market power
Lines, Thomas - In: International Journal of Green Economics 2 (2008) 3, pp. 295-310
Numerous celebrated economists have pointed to the discipline's failure to adequately explain markets and how prices are formed. This paper addresses that deficiency. It considers the basic function of a market, defined as to coordinate the supply of a product with demand via movements in price....
Persistent link: https://www.econbiz.de/10005225812
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Competitive Equilibrium and Reputation under Imperfect Public Monitoring
Vial, Bernardita - Instituto de Economía, Facultad de Ciencia Económicas … - 2008
In this paper we analyze a reputation-based mechanism that sustains the provision of high quality in a market for an experience good. In contrast to existing models of reputation, however, we consider a competitive market: there is a continuum of firms, each serving at most one consumer each...
Persistent link: https://www.econbiz.de/10005212286
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PRICE-TAKERS VS. GREAT NUMBERS: A CRITIQUE OF THE EDGEWORTH - WALRAS CONVERGENCE À LA DEBREU - SCARF
Álvarez, Andrés - In: Cahiers d’économie politique / Papers in Political … (2012) 63, pp. 77-108
us to plead in favour of Edgeworth’s originality and of the need to rescue his theory of perfect competition from a … misleading way. Textual evidence allows us to assert that the language of the cooperative game theory, and the subsequent modern … theory of the core, do not correspond to Edgeworth’s theory. The modern notion of coalition seems to be an interpretation of …
Persistent link: https://www.econbiz.de/10010595727
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Markets, prices and market power
Lines, Thomas - In: International Journal of Green Economics 2 (2008) 3, pp. 295-310
Numerous celebrated economists have pointed to the discipline's failure to adequately explain markets and how prices are formed. This paper addresses that deficiency. It considers the basic function of a market, defined as to coordinate the supply of a product with demand via movements in price....
Persistent link: https://www.econbiz.de/10008563538
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Perfect competition according to Enrico Barone
Mosca, Manuela; Bradley, Michael E. - In: Cahiers d’économie politique / Papers in Political … (2013) 64, pp. 9-44
The Italian economist Enrico Barone (1859- 1924) is best known for his contributions to marginal productivity theory … and the socialist planning debate. This paper analyzes Barone’s contributions to the theory of perfect competition which … the history of the theory of perfect competition. …
Persistent link: https://www.econbiz.de/10010671693
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The Welfare Implications of Services Liberalization in a Developing Country; Evidence from Tunisia
Jouini, Nizar; Rebei, Nooman - International Monetary Fund (IMF) - 2013
We propose an integrated method based on a two-sector small open economy dynamic and stochastic general equilibrium model to estimate non-tariff barriers and quantify the impact of services liberalization. The major component of trade barriers is explicitly modeled through the introduction of...
Persistent link: https://www.econbiz.de/10011242426
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Understanding Fixed Point Theorems
Arnold, Lutz G. - Wirtschaftswissenschaftliche Fakultät, Universität … - 2003
Fixed point theorems are the standard tool used to prove the existence of equilibria in mathematical economics. This paper shows how to prove a slight generalization of Brouwer's and Kakutani's fixed point theorems using the familiar techniques of drawing and shifting curves in the plane and is,...
Persistent link: https://www.econbiz.de/10005607526
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An economy model for GISMO: DART-PBL technical documentation.
Ignaciuk, Adriana M.; Peterson, Sonja; Hübler, Michael; … - Kiel Institute for the World Economy - 2009
Persistent link: https://www.econbiz.de/10008495194
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Integrated climate modelling at the Kiel Institute for World Economics : the DART Model and its applications : [papers presented at the First International Workshop on Integrated Climate Models: An Interdisciplinary Assessment of Climate Impacts and Policies, Trieste, September 30 - October 3 2003].
Deke, Oliver; Peterson, Sonja - Kiel Institute for the World Economy - 2003
The aim of this paper is to give an overview over the DART model and its applications. The main focus is on the implementation of climate impacts into DART in the course of coupling DART to the ocean-atmosphere model and on the associated empirical problems. The basic DART model and some...
Persistent link: https://www.econbiz.de/10008575631
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Anpassung und Einkommensverteilung in Entwicklungsländern: Eine angewandte allgemeine Gleichgewichtsanalyse für Malaysia.
Wiebelt, Manfred - Kiel Institute for the World Economy - 1996
Persistent link: https://www.econbiz.de/10008590765