On the Theory of Effective Demand Under Stochastic Rationing PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download On the Theory of Effective Demand Under Stochastic Rationing PDF full book. Access full book title On the Theory of Effective Demand Under Stochastic Rationing by Gerd Weinrich. Download full books in PDF and EPUB format.
Author: Gerd Weinrich
Publisher:
ISBN:
Category : Demand (Economic theory)
Languages : en
Pages : 44
Get Book Here
Book Description
Author: Gerd Weinrich
Publisher:
ISBN:
Category : Demand (Economic theory)
Languages : en
Pages : 44
Get Book Here
Book Description
Author: Gerd Weinrich
Publisher:
ISBN:
Category :
Languages : de
Pages : 22
Get Book Here
Book Description
![On the Theory of Effective Demand Under Stochastic Rationing/ by Gerd Weinrich ; [Ed.:] European University Institute, Department of Economics PDF](https://books.google.com/books/content/images/frontcover/e5YWSQAACAAJ?fife=w80-h100)
Author: Gerd Weinrich
Publisher:
ISBN:
Category :
Languages : en
Pages : 32
Get Book Here
Book Description
Author: Lars E. O. Svensson
Publisher:
ISBN:
Category : Consumption (Economics)
Languages : en
Pages : 17
Get Book Here
Book Description
Author: Gerd Weinrich
Publisher:
ISBN:
Category : Prices
Languages : en
Pages : 72
Get Book Here
Book Description
Author: Takatoshi Ito
Publisher:
ISBN:
Category : Equilibrium (Economics)
Languages : en
Pages : 30
Get Book Here
Book Description
There are a couple of well-known unsatisfactory properties in the notion of effective demand defined by Benassy and one by Dreze. This is why recent authors in disequilibrium analysis study the stochastic rationing mechanism. Douglas Gale proved the existence of the equilibrium with stochastic rationing mechanism. However, Gale 's rationing mechanism requires an economic agent to know all the individual effective demands from the other agents. This creates the informational problem. Green examined a rationing scheme which depends only on the individual effective demand and the aggregate signals. However, he did not consider conditions on rationing mechanisms to show the existence of temporary equilibrium. The purpose of this paper is to show a couple of sufficient conditions for the existence of temporary equilibrium preserving all properties Green considered on rationing mechanisms. We also discuss the possibility of balancing demand and supply in realization instead of in the mean
Author: H.R. Sneessens
Publisher: Springer Science & Business Media
ISBN: 3642464394
Category : Business & Economics
Languages : en
Pages : 149
Get Book Here
Book Description
Introducing his book "The Theory of UnemPloyment Reconsidered", Professor Malinvaud expressed several years ago his hope "to convey [his] strong belief that the reconsideration is a major step in the development of our science". In view of the stimulating effect this approach has on economic research, it seems now that many economists do indeed share Malinvaud's belief and are ready to devote their time and their skill to ensure the realization of that progress. This book, grown out of a Ph. D. thesis presented at the Universit~ Catholique de Louvain, aims at contributing in its own way to that venture. Looking towards econometric applications, it illustrates that a framework h la Malinvaud (i. e. based on the theory of temporary equilibrium with rationing) provides the means of improving macro econometric modelling. There has been so far a wide and pervasive fear that, despite its analytical and theoretical usefulness, the quantity rationing approach would be much too complex to be successfully implemented into econometric models. The research the interested reader will discover in the subsequent pages should convince him that the difficulty faced by econometricians is essentially (I am tempted to say merely) one of developing an adequate methodology; it should thus disappear once is made the initial research investment. The empirical results presented towards the end of the book, though prelim inary, already suggests that the effort is rewarding and should be continued. My debts are many.
Author: Christopher Martin
Publisher:
ISBN:
Category : Demand (Economic theory)
Languages : en
Pages : 30
Get Book Here
Book Description
Author: Giovanni Alfredo Caravale
Publisher: Routledge
ISBN: 1134764375
Category : Business & Economics
Languages : en
Pages : 217
Get Book Here
Book Description
This book considers the treatment of equilibrium by several of the most important schools of thought in economics, including: * neoclassical economics, * the neo-Ricardian economics, * Post-Keynesian economics - both those who follow Joan Robinson in denying any interpretative role to equilibrium in economic theorizing and those who use the notion of equilibrium, but re-defined from a Classical or Keynesian perspective.
Author: Akira Namatame
Publisher: Springer Science & Business Media
ISBN: 3540287272
Category : Business & Economics
Languages : en
Pages : 345
Get Book Here
Book Description
Understanding the mechanism of a socio-economic system requires more than an understanding of the individuals that comprise the system. It also requires understanding how individuals interact with each other, and how the agg- gated outcome can be more than the sum of individual behaviors. This book contains the papers fostering the formation of an active multi-disciplinary community on socio-economic systems with the exciting new ?elds of age- based modeling and econophysics. We especially intend to increase the awareness of researchers in many ?elds with sharing the common view many economic and social activities as collectives of a large-scale heterogeneous and interacting agents. Economists seek to understand not only how individuals behave but also how the interaction of many individuals leads to complex outcomes. Age- based modeling is a method for studying socio-economic systems exhibiting the following two properties: (1) the system is composed of interacting agents, and (2) the system exhibits emergent properties, that is, properties arising from the interactions of the agents that cannot be deduced simply by agg- gating the properties of the system’s components. When the interaction of the agents is contingent on past experience, and especially when the agents continually adapt to that experience, mathematical analysis is typically very limited in its ability to derive the outcome.
