scholarly journals Metzlerian and Generalized Metzlerian Matrices: Some Properties and Economic Applications

2015 ◽  
Vol 7 (2) ◽  
pp. 42 ◽  
Author(s):  
Giorgi Giorgio ◽  
Cesare Zuccotti
Keyword(s):  
Existence Of Solutions ◽  
Economic Models ◽  
Comparative Statics ◽  
Economic Applications

In the first part of the paper we consider the main properties, with respectto stability and existence of solutions of multi-sectoral economic models,of Metzlerian and Morishima matrices. In the second part we introducevarious generalized Metzlerian matrices, in order to enlarge the results ofOhyama (1972) in the study of stability and comparative statics for aWalrasian-type equlibrium model.

scholarly journals A Full Description of ω-Limit Sets of Cournot Maps Having Non-Empty Interior and Some Economic Applications

Mathematics ◽  
2021 ◽  
Vol 9 (4) ◽  
pp. 452
Author(s):  
Antonio Linero-Bas ◽  
María Muñoz-Guillermo
Keyword(s):  
Economic Models ◽  
Full Description ◽  
Cournot Model ◽  
Empty Interior ◽  
Limit Sets ◽  
Economic Applications

Given a continuous Cournot map F(x,y)=(f2(y),f1(x)) defined from I2=[0,1]×[0,1] into itself, we give a full description of its ω-limit sets with non-empty interior. Additionally, we present some partial results for the empty interior case. The distribution of the ω-limits with non-empty interior gives information about the dynamics and the possible outputs of each firm in a Cournot model. We present some economic models to illustrate, with examples, the type of ω-limits that appear.

scholarly journals Psychologists at the Gate: A Review of Daniel Kahneman's Thinking, Fast and Slow

2012 ◽  
Vol 50 (4) ◽  
pp. 1080-1091 ◽  
Author(s):  
Andrei Shleifer
Keyword(s):  
Decision Theory ◽  
Economic Models ◽  
Human Beings ◽  
Future Directions ◽  
Economic Applications ◽  
The Past ◽  
Broad Theme ◽  
Breaking Work

The publication of Daniel Kahneman's book, Thinking, Fast and Slow, is a major intellectual event. The book summarizes, but also integrates, the research that Kahneman has done over the past forty years, beginning with his path-breaking work with the late Amos Tversky. The broad theme of this research is that human beings are intuitive thinkers and that human intuition is imperfect, with the result that judgments and choices often deviate substantially from the predictions of normative statistical and economic models. In this review, I discuss some broad ideas and themes of the book, describe some economic applications, and suggest future directions for research that the book points to, especially in decision theory. (JEL A12, D03, D80, D87)

Economic Models of Parenting

PsycCRITIQUES ◽  
2005 ◽  
Vol 50 (4) ◽  
Author(s):  
Richard Niolon
Keyword(s):  
Economic Models

Economic Models of Climate Change

2003 ◽  
Author(s):  
Stephen J. DeCanio
Keyword(s):  
Climate Change ◽  
Economic Models

On the Methodology of Cartel agreements analysis

2014 ◽  
pp. 53-64 ◽  
Author(s):  
E. Andreyashchenko ◽  
A. Zazdravnykh
Keyword(s):  
Economic Models ◽  
Social Consequences ◽  
Positive Effects ◽  
Industrial Markets

This article is an attempt of summarizing key economic approaches to cartel agreements analysis, its stability, ways of estimating social consequences of cartel agreements. It is alleged that the traditional way of understanding the cartels’ role as completely negative is not accurate; this type of inter-corporate agreements may also bring positive effects on industrial markets. Typical limits of analytical apparatus, contradictions that appear while interpreting results of specific economic models are also represented in the article, as well as substantiation of a discrete role of pricing factor within the analysis of anti-competitive agreements.

Economic models of Environment monitoring under imperfect information and high Costs

2014 ◽  
pp. 99-122
Author(s):  
M. Levin ◽  
K. Matrosova
Keyword(s):  
Environmental Monitoring ◽  
Environmental Regulation ◽  
Environmental Economics ◽  
Imperfect Information ◽  
Central Element ◽  
Economic Models ◽  
Environment Monitoring ◽  
Nature Protection ◽  
Protection Measures ◽  
Effective System

The paper considers monitoring of environmental change as the central element of environmental regulation. Monitoring, as each kind of principalagent relations, easily gives rise to corruptive behavior. In the paper we analyze economic models of environmental monitoring with high costs, incomplete information and corruption. These models should be the elements of environmental economics and are needed to create an effective system of nature protection measures.

Kornai, Schumpeter, and Economic Theory

2012 ◽  
pp. 145-152 ◽  
Author(s):  
V. Maevsky
Keyword(s):  
Economic Theory ◽  
Economic System ◽  
Evolutionary Theory ◽  
Economic Models ◽  
Macro Level ◽  
Mainstream Economic ◽  
Level Of Analysis

The author claims that J. Kornai in his paper Innovation and Dynamism (Voprosy Ekonomiki. 2012. No 4) ignored the understanding of socialism as a specific type of culture and not just as an economic system. He also shows profound differences between Schumpeters theory and mainstream economic models. Evolutionary theory, he claims, may itself become mainstream if Schumpeters legacy is not interpreted straightforwardly and if evolutionary economists consider not only micro-, but also macro-level of analysis in studying macrogenerations of capital of a different age.

Effects of Cooking Oil Subsidy Removals on Related Markets in Malaysia: A Comparative Static, Multicommodity, Multi Stage Production Approach

2011 ◽  
Author(s):  
Jamal Othman ◽  
Yaghoob Jafari
Keyword(s):  
Equilibrium Model ◽  
Comparative Statics ◽  
Partial Equilibrium ◽  
Cooking Oil ◽  
Multi Stage ◽  
Supply Factor ◽  
Partial Equilibrium Model ◽  
Factor Markets ◽  
Input Markets ◽  
Production Approach

Malaysia is contemplating removal of most of her subsidy support measures including subsidies on cooking oil which is largely palm oil based. This paper aims to examine the effects of cooking oil subsidy removals on the competitiveness of the oil palm subsector and related markets. This is done by developing and applying a comparative static, multi-commodity, partial equilibrium model with multi-stages of production function for the Malaysian perennial crops subsector which explicitly links different stages of production, primary and intermediate input markets, trade, and policy linkages. Results partly suggest that export of cooking oil will increase by 0.2 per cent due to a 10 per cent cooking oil subsidy reduction, while domestic output of cooking oil may eventually see a net decline of 1.97 per cent. The results clearly point out that the effect of reducing cooking oil subsidies is relatively small at the upstream levels and therefore it only induces minute effects on factor markets. Consequently, the market for other agricultural crops is projected to change very marginally.   Keywords: Multicomodity, comparative statics, partial equilibrium model, output supply-factor markets linkages, effects of cooking oil subsidy removals.

Using Economic Models

1997 ◽  
Vol 1997 (2) ◽  
pp. 10-16
Author(s):  
Avery B. Shenfeld
Keyword(s):  
Economic Models
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