Search Results - subject_exact:"General equilibrium"

Differential capital taxation and risk premia : a separation result

Menoncin, Francesco; Panteghini, Paolo - 2026

The article studies differential capital taxation - distinct rates on interest income and risky profits - in a continuous-time representative-agent general equilibrium model with complete markets. It derives closed-form expressions for the equilibrium risk-free rate and the market price of risk....

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015638859

Assessing the economic and environmental impacts of improved accessibility : a spatial CGE approach to the Marrakech-Fès highway project in Morocco

Arbouch, Mahmoud - 2026

This paper assesses the national and regional impacts of the Marrakech-Fès highway project in Morocco using a Spatial Computable General Equilibrium (SCGE) model combined with GIS-based road network data. The analysis captures how improved connectivity alters economic performance and emissions...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015643314

How computational complexity can restore general equilibrium in markets with indivisible goods

Bossaerts, Peter L.; Ioannidis, Konstantinos; Woods, Rob; … - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015651540

Tariffs and capital flows

Marjit, Sugata; Das, Gouranga Gopal; Kar, Mausumi; Kar, … - 2026 - Work in progress draft version 4 [May 2026]

This paper analytically explores how FDI are affected by Tariffs as President Trump has imposed retaliatory tariffs on countries which have trade surplus with US and declared this as a strategy to attract tariff jumping FDI into US.. Our motivational empirical results show that with greater...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015651687

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Tariffs and capital flows

Marjit, Sugata; Das, Gouranga Gopal; Kar, Mausumi; Kar, … - 2026

Book / Working Paper

Environmental ambition and economic protectionism : the design of border carbon adjustments

Park, Eunseong; Rausch, Sebastian; Karplus, Valerie J. - 2026

Border carbon adjustments (BCAs) are intended to limit carbon leakage while protecting domestic industry, but governments differ over whether border charges should price total embodied emissions or only emissions above an intensity benchmark. We study this design choice in a plant-level general...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015666516

Complementarities between capital buffers and dividend prudential target

Di Virgilio, Domenica; Duarte, Maia - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015372876

Belief-neutral efficiency in financial markets

Beißner, Patrick; Riedel, Frank - 2025

Heterogeneous beliefs among market participants can lead to questionable speculative trading that goes beyond any risk-sharing motives. We demonstrate that such unwarranted betting behavior in market equilibrium can be mitigated by introducing nonlinear pricing for ambiguous contracts, without...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015272951

Health insurance as economic stimulus? : evidence from long-term care jobs

Hackmann, Martin B.; Heining, Jörg; Klimke, Roman; … - 2025

We leverage decades of administrative data and quasi-experimental variation in the introduction of universal long-term care (LTC) insurance in Germany in 1995 to examine whether health insurance expansions can stimulate local economies. We find that the LTC insurance rollout led not only to...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015330353

The role of finance in production and international trade

Marjit, Sugata; Das, Gouranga Gopal; Yang, Lei - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015338084

Green and brown returns in a production economy

Jaccard, Ivan; Kockerols, Thore; Schüler, Yves - 2025

Does it pay to invest in green companies? In countries where a market for carbon is functioning, such as those within the European Union, our findings suggest that it should be beneficial. Using a sample of green and brown European firms, we initially demonstrate that green companies have...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015339635

The equilibrium impact of agricultural support prices and input subsidies

Chakraborty, Pubali; Chopra, Anand; Contractor, Lalit - 2025 - Version: May 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015421534

The welfare effects of explicit and implicit subsidies on fossil fuels

Kalmey, Tim; Rausch, Sebastian; Schneider, Jan - 2025

We examine the welfare effects of removing explicit and implicit fossil fuel subsidies, the latter entailing Pigouvian pricing of local externalities from fossil energy consumption. We map a multi-region, multi-sector general equilibrium model to granular data on subsidies, local marginal...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015422916

The rise of for-profit higher education : a general equilibrium analysis

Domnisoru, Ciprian; Schiopu, Ioana - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015463793

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The rise of for-profit higher education : a general equilibrium analysis

Domnisoru, Ciprian; Schiopu, Ioana - 2021

Book / Working Paper

The Rise of For-Profit Higher Education : A General Equilibrium Analysis

Domnisoru, Ciprian; Schiopu, Ioana C. - 2021

Book / Working Paper

A pluralist perspective on input-output modeling : searching for commensurability

Kapeller, Jakob; Scharnreitner, Franz - 2025

This paper revisits paradigmatic differences in economics with a focus on input-output modeling. We show that such differences represent deep divides in economic theorizing and impact strongly on the magnitude and signs of expected effects. At the same time estimates from input-output models are...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015464038

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A pluralist perspective on input-output modeling : searching for commensurability

Kapeller, Jakob; Scharnreitner, Franz - 2025

Book / Working Paper

Bank heterogeneity and crisis migration : a general equilibrium analysis of systemic risk

Lucchetta, Marcella - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015464260

Heterogeneous beliefs recovery

Hugonnier, Julien; Nejad, Darius Nik - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015413300

Falling interest rates and credit reallocation : lessons from general equilibrium

Asriyan, Vladimir; Laeven, Luc; Martin, Alberto; Van … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015458902

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Falling interest rates and credit reallocation : lessons from general equilibrium

Asriyan, Vladimir; Laeven, Luc; Martin, Alberto; Van … - 2025

Book / Working Paper

Governance, productivity and economic development

Cuong Le Van; Pham, Ngoc-Sang; Pham, Thi Kim Cuong; … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015435928

Upskilling China: implications for middle-income economies

Kitayaporn, Varan; Coxhead, Ian - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015438832

Empirical welfare economics

Chambers, Christopher P.; Echenique, Federico - 2025

Welfare economics relies on access to agents' utility functions: we revisit classical questions in welfare economics, assuming access to data on agents' past choices instead of their utilities. Our main result considers the existence of utilities that render a given allocation Pareto optimal. We...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015459475

Beyond markets : the notion of social institution' in the work of Arrow and Hurwicz

Maayan Yehsoron, Yam - 2025

This paper challenges the prevailing narrative that mathematical economics, particularly in the post-war era, neglected the study of social institutions. According to the common view, the concept of institutions was largely abandoned following the decline of institutionalism, only to be revived...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015441717

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Beyond markets: The notion of social institution' in the work of Arrow and Hurwicz

Maayan Yehsoron, Yam - 2025

Book / Working Paper

General equilibrium markets as distributed computational systems

Gjerstad, Steven - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015445674

A quantitative general equilibrium approach to migration, remittances, and brain drain

Céspedes, Nikita - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015610149

Public pensions in the age of automation

Gustafsson, Johan; Lanot, Gauthier - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015595009

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Public pensions in the age of automation

Gustafsson, Johan; Lanot, Gauthier - 2024

Book / Working Paper

General equilibrium with competition in schedules and input-output networks : an existence result

Bizzarri, Matteo - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015580618

On poverty traps, rational bubbles, and wealth inequality

Accinelli, Elvio; Policardo, Laura; Carrera, Edgar J. S. - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015604693

Risk of bankruptcy and the Modigliani-Miller theorem in a general equilibrium model of socially responsible investing

Alex, Fabian - 2025

In the SRI-augmented version of the Arrow-Debreu-model by Arnold (2023), the restriction to no risk of bankruptcy is immaterial. Furthermore, shareholder unanimity is still valid when a firm's bond issuance (viz., its leverage) is chosen endogenously. The debt-equity-ratio of firms may not only...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015647441

Can trade policy mitigate climate change?

Farrokhi, Farid; Lashkaripour, Ahmad - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015475315

On the effects of national debt on the distribution of household assets

Shin, Seung-Ryong - 2025

This study examines the long-term effects of higher national debt in South Korea on asset distribution. Using an overlapping generations general equilibrium model, we focus on two key channels: rising interest rates and falling wage rates, both driven by the crowding-out effect of capital....

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015475390

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On the effects of national debt on the distribution of household assets

Shin, Seung-Ryong - 2025

Article

Geoeconomic fragmentation and the role of non-aligned countries

Baur, Andreas; Dorn, Florian; Flach, Lisandra; Fuest, … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015471496

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Geoeconomic fragmentation and the role of non-aligned countries

Baur, Andreas; Dorn, Florian; Fuest, Clemens; Flach, … - 2025

Book / Working Paper

Single and attractive : uniqueness and stability of economic equilibria under monotonicity assumptions

Bifulco, Patrizio; Glück, Jochen; Krebs, Oliver; … - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015574589

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Single and attractive : uniqueness and stability of economic equilibria under monotonicity assumptions

Bifulco, Patrizio; Glück, Jochen; Krebs, Oliver; … - 2025

Book / Working Paper

Corporate leverage and the effects of monetary policy on investment : a reconciliation of micro and macro elasticities

Grob, Valentin; Züllig, Gabriel - 2024

We investigate how the level of corporate leverage affects firms' investment response to monetary policy shocks. Based on novel aggregate time series estimates, leverage acts amplifying, whereas in the cross section of firms, higher leverage predicts a muted response to monetary policy. We use a...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015062881

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Corporate leverage and the effects of monetary policy on investment: a reconciliation of micro and macro elasticities

Grob, Valentin; Züllig, Gabriel - 2024

Book / Working Paper

Financial frictions, common ownership and firms' market power in a general equilibrium model

Spano, Giommaria - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014574977

"Contingency, irony, and solidarity" in the era of polycrisis : institutionalist economics beyond the t/T duality

Dymski, Gary Arthur - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014575746

Macroeconomic effects of healthcare financing in Colombia

Ávila-Montealegre, Oscar Iván; Ospina-Tejeiro, Juan J.; … - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015070144

Common ownership and uncertainty

Spano, Giommaria - 2024 - Prima edizione

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015100833

Deglobalization and the reorganization of supply chains : effects on regional inequalities in the EU

Magerman, Glenn; Palazzolo, Alberto - 2024

After decades of globalization, many countries are now considering various measures to reduce their dependence on third countries and to incentivize domestic production. This paper analyzes a policy toolbox encompassing trade, industrial, and public policies and their effects on the EU and its...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015076753

China's new growth strategy : implications for middle-income economies

Kitayaporn, Varan; Coxhead, Ian - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014533791

The macroeconomic consequences of import tariffs and trade policy uncertainty

Boer, Lukas; Rieth, Malte - 2024

We estimate the macroeconomic effects of import tariffs and trade policy uncertainty in the United States, combining theory-consistent and narrative sign restrictions on Bayesian SVARs. We find mostly adverse consequences of protectionism. Tariff shocks are more important than trade policy...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014468789

General equilibrium, welfare and policy when firms have market power

Moreno, Diego; Petrakēs, Emmanuēl - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014517269

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General equilibrium, welfare and policy when firms have market power

Moreno, Diego; Petrakēs, Emmanuēl - 2024

Book / Working Paper

Dynamic equity slope

Breugem, Matthijs; Colonnello, Stefano; Marfè, Roberto; … - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014521078

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Dynamic equity slope

Breugem, Matthijs; Colonnello, Stefano; Marfè, Roberto; … - 2020

Book / Working Paper

Dynamic equity slope

Breugem, Matthijs; Colonello, Stefano; Marfè, Roberto; … - 2020

Book / Working Paper

Economies with rights : efficiency and inequality

Hervés-Beloso, Carlos; Martínez, Francisco; … - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014440858

Economic impact of giving land to refugees

Zhu, Heng; Gupta, Anubhab; Filipski, Mateusz; Valli, Jaakko - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014443515

In too deep? : the economic impacts of deep trade agreements

Herman, Peter - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015162810

Servicification of GVCs through deep service provisions : uncovering new insights from structural gravity and machine learning

Sharma, Sharadendu; Arora, Rahul; Gupta, Pralok - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015115088

Analyzing defined contribution pension reform in Korea using a general equilibrium model

Shin, Seung-Ryong - 2024

Korea's National Pension Fund (NPF) is projected to be in deficit by the 2040s and exhausted by the 2050s. Increasing contribution rates may be unaffordable, prompting consideration of structural reforms, particularly shifting from a defined benefit (DB) to a defined contribution (DC) system....

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015189538

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Analyzing defined contribution pension reform in Korea using a general equilibrium model

Shin, Seung-Ryong - 2024

Article

Quantifying the partial and general equilibrium effects of sanctions on Russia

Flach, Lisandra; Heiland, Inga; Larch, Mario; … - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014471002

The RHOMOLO ex-post impact assessment of the 2014-2020 European research and innovation funding programme (Horizon 2020)

Christou, Tryfonas; Crucitti, Francesca; García … - 2024

This paper presents a macroeconomic evaluation of the impact of the Horizon 2020 funds, carried out using the spatial dynamic general equilibrium model RHOMOLO. The policy disbursement data used to feed the model relate to the actual use of the funds over the period 2014-2021, so this is...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014472098

The elephant in the other room

Veneziani, Roberto; Skillman, Gilbert L. - 2024 - This draft: 12 September 2023

Fabio Petri's Microeconomics for the Critical Mind (2021) is an impressive tour de force in the field of microeconomic theory. It manifests the author's command of cutting edge analytical tools, concepts, and theoretical approaches both in the mainstream and in the heterodox literature. The book...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014476014

Searching where ideas are harder to find : the productivity slowdown as a result of firms hindering disruptive innovation

Bräuer, Richard - 2024 - This version: 05.06.2024

This paper proposes to explain the productivity growth slowdown with the poaching of disruptive inventors by firms these inventors threaten with their research. I build an endogenous growth model with incremental and disruptive innovation and an inventor labor market where this defensive...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014541610

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Searching where Ideas Are Harder to Find – The Productivity Slowdown as a Result of Firms Hindering Disruptive Innovation

Bräuer, Richard - 2024

Book / Working Paper