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 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...

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...

We use Sperber's intermediairies and the firm theory to analyze the rural socialized service organizations. By studying the case of the melon association in Beihe Village of Uqiao Township in Beijing, we find that the basic existing objective of this association is to save transaction cost. The...

Biodiesel has been considered as one of the promising non-fossil fuels, but its development also have promoted a drastic debate due to its current production status, such as oilseeds dependency, arable land requirement, high cost and long-term impact on food prices. Therefore alternative...

Biodiesel has become attractive as an alternative renewable fuel, but its large-scale production has been restricted because of the high cost of feedstock. Therefore, alternative feedstock is urgently needed to enable biodiesel production from cheap raw materials. Toward this goal, a...