The world general equilibrium
World oil price and biofuels : a general equilibrium analysis
... computable general equilibrium model to simulate various future oil price scenarios and assesses the corresponding impacts on biofuels production, agricultural outputs, land-use change and global food ...
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General equilibrium
... the general equilibrium theory developed in several ...for equilibrium existence and optimality results have been strongly ...the world in the specification of commodities, and for an infinity ...
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Marginal abatement cost curves in general equilibrium: The influence of world energy prices.
... 5 Conclusions In the previous sections we have shown theoretically and empirically how marginal abatement cost curves depend on abatement levels in the rest of the world via changes in international fossil fuel ...
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Impact of trade liberalization and world price changes in Bangladesh: a computable general equilibrium analysis
... Results and discussions Macroeconomic impacts The macroeconomic impacts of tariff reduction and world agricultural commodity price increases are presented below in Table 5. Although the components of real ...
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Climate Change, Energy Demand and Market Power in a General Equilibrium Model of the World Economy
... The demand shift is smaller because households' income is relatively higher, as the latter includes profits and capital income (as well as rents on natural resources). The shift in supply is due to relatively higher ...
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Climate Change, Energy Demand and Market Power in a General Equilibrium Model of the World Economy
... Figure 1 – An illustrative diagram of relative price-quantity movements in energy industries Table 7 shows variations in the main economic aggregates. A comparison with the results under perfect competition highlights ...
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Inventories in general equilibrium dynamics
... On one hand, if we set v = 1 , as in most firm/industry level analyses, inventories have no significant effect. This is because we assume that production is decided after observing all of the aggregate shock. Hence, if ...
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The Value of Life in General Equilibrium
... the world as whole, Becker, Philipson, and Soares (2005) argue that changes in inequality are greatly affected by incorporating longevity into national income ...microeconomic equilibrium methods to ...
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General equilibrium of financial markets
... the world. It is done studying in different contexts the general equilibrium of a sim- ple two-period exchange model, under weaker assumptions and in a more general setting than the ones ...
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Inventory accelerator in general equilibrium
... the general-equilibrium analyses of Khan and Thomas (2007) and Wen (2008) are provoca- tive, there are other theoretical possibilities linking inventories to output volatility and motives inducing …rms to ...
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Residential Segregation in General Equilibrium
... To quantify the impact of racial sorting on the consumption of local public goods by households of different races, we would ideally like to compare current consumption levels with those in a world where ...
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Data Uncertainty in General Equilibrium
... Clearly, once we let a subset of the decisions the agents make depend only on the signal and not on the true level of productivity, there are several variations in timing that one could adopt. The only constraint is that ...
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Affection of Managing General Budget by Choosing tax types on Third World Countries Economic Equilibrium
... Some economic solutions related to develop tools as (Pedro and Erwan, 2010) show that financial development causes economic development by promoting investment and making allocation of resources more efficient. (Will and ...
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General equilibrium programming
... For a competitive economy with production, a simplicical algorithm is described for finding an approximate equilibrium price vector, being a price vector at which the excess demand or su[r] ...
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Arbitrage in General Equilibrium
... in the absence of production is a substitute for production. Markets B and S do not exist because of fundamentals such as comparative advantage, but because they are arti- ficially segmented. The arbitrager is allowed to ...
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Equilibrium unemployment in a general equilibrium model with taxes
... of equilibrium unemployment into a computable dynamic general equilibrium model to eval- uate the impact of matching technology in the long-run growth and level of utilities and lifetime income of ...
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Productivity and misallocation in general equilibrium
... The second set of results are ex-ante structural results. Although they do not necessitate ex-post information, they require information about microeconomic elasticities of substi- tution. Using this information in ...
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Sticky Information in General Equilibrium
... We study a general-equilibrium model with monopolistic competition and no capital accumulation, familiar in the literature on monetary policy. We assume a continuum of households with preferences that are ...
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Consumption dynamics in general equilibrium
... Consumption cannot be the only variable determining the stochastic discount factor; otherwise, with power utility, the intertemporal elasticity of consump- tion would need to be implausibly high (Mehra and Prescott ...
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General concept and chemical equilibrium
... true constant for the dissociation of water, Kw, is either the activity or the activity coefficient could be made dimensionless generally it is the activity coefficient which is so treated. Hence activity is expressed in ...
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