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Mr Keynes, the Classics and the new Keynesians : a suggested formalisation
Dos Santos Ferreira, Rodolphe - In: The European journal of the history of economic thought 21 (2014) 5, pp. 801-838
Persistent link: https://www.econbiz.de/10010482294
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On the nonexclusivity of loan contracts : an empirical investigation
Degryse, Hans; Ioannidou, Vasso; Schedvin, Erik von - In: Management science : journal of the Institute for … 62 (2016) 12, pp. 3510-3533
Persistent link: https://www.econbiz.de/10011626373
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An agent-based model of trickle-up growth and income inequality
Palagi, Elisa; Napoletano, Mauro; Roventini, Andrea; … - 2021
We build an agent-based model to study how coordination failures, credit constraints and unequal access to investment opportunities affect inequality and aggregate income dynamics. The economy is populated by households who can invest in alternative projects associated with different...
Persistent link: https://www.econbiz.de/10012584308
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An agent-based model of trickle-up growth and income inequality
Palagi, Elisa; Napoletano, Mauro; Roventini, Andrea; … - 2021
Persistent link: https://www.econbiz.de/10012623733
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Optimal degree of union centralization
Di Bartolomeo, Giovanni - In: Studies in microeconomics 2 (2014) 2, pp. 201-211
Persistent link: https://www.econbiz.de/10011900887
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Continua of underemployment equilibria
DREZE, Jacques H.; HERINGS, P. Jean-Jacques - Center for Operations Research and Econometrics (CORE), … - 1998
In this paper the existence of unemployment is partly explained as being the result of coordination failures. This is … arise at other price systems, but then unemployment is the result of both a wrong price system and coordination failures …
Persistent link: https://www.econbiz.de/10005008548
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Continua of underemployment equilibria reflecting coordination failures, also at Walrasian prices
CITANNA, Alessandro; CRES, Herve; DREZE, Jacques; … - HEC Paris (École des Hautes Études Commerciales) - 2001
In this paper the existence of unemployment is partly explained as being the result of coordination failures. It is … arise at other price systems, but then unemployment is the result of both a wrong price system and coordination failures …
Persistent link: https://www.econbiz.de/10005011531
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When Borch’s Theorem does not apply: some key implications of market incompleteness, with policy relevance today
DREZE, Jacques - Center for Operations Research and Econometrics (CORE), … - 2013
Markets are incomplete when the assets available to the agents do not span the space of future contingencies. Efficiency is then assessed by the weak criterion of "constrained efficiency" (efficiency relative to the set of allocations compatible with the asset structure). That criterion requires...
Persistent link: https://www.econbiz.de/10010662664