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上海财经大学微观经济学课件Chapter 16 Equilibrium。
Comments on ‘Equilibrium Interpretations of Employment and Real Wages
Employment Real Wages
2015/8/4
Finally, we certainly have weak priors on how to attribute causes of serial
persistence. For instance, I would have guessed a different pattern than
Kennan suggests for allocating the two large root...
Solving Stochastic Equilibrium Models with the Extended Path Method
Capital asset pricing Rational expectations Solution algorithm
2015/8/4
The purpose of this paper is to investigate the
feasibility of using the extended path method - described
in Fair and Taylor [ 23 - to solve capital asset pricing.
This method is now being used rat...
Email addresses: piazzesi@uchicago.edu, martin.schneider@nyu.edu. We thank Pierpaolo Benigno
and John Campbell for helpful discussions. We also thank Andy Atkeson, David Backus, Frederico
Belo, John...
Rationalizability,Learning and Equilibrium in Games With Strategic Complementarities
Rationalizability Learning Equilibrium Strategic Complementarities
2015/7/21
Rationalizability,Learning and Equilibrium in Games With Strategic Complementarities.
Limit Pricing and Entry Under Incomplete Information:An Equilibrium Analysis
Limit Pricing Entry Under Incomplete Information Equilibrium Analysis
2015/7/21
Limit Pricing and Entry Under Incomplete Information:An Equilibrium Analysis.
General Equilibrium Impacts of a Federal Clean Energy Standard
clean energy standard intensity standard emissions pricing climate
2015/7/17
Economists have tended to view emissions pricing (e.g., cap and trade or a carbon tax) as the most cost-effective approach to reducing greenhouse gas emissions. This paper offers a different view. Emp...
Industry Equilibrium with Open Source and Proprietary Firms
Investment Technological Innovation Knowledge Sharing Industry Structures Open Source Distribution Research and Development
2015/4/23
We present a model of industry equilibrium to study the coexistence of Open Source (OS) and Proprietary (P) firms. Two novel aspects of the model are: (1) participation in OS arises as the optimal dec...
Correlated Equilibrium and Nash Equilibrium as an Observer's Assessment of the Game
Decision Choices and Conditions Game Theory Cooperation
2015/4/21
Noncooperative games are examined from the point of view of an outside observer who believes that the players are rational and that they know at least as much as the observer. The observer is assumed ...
A dynamic equilibrium model of how regulative and normative institutions in uence economic behavior and growth
Rational Decision Model Classes of Institutions Trust Empathy Coercion
2014/8/8
We present a non-cooperative game theoretic model with few pa- rameters that combines three strands of economic research - institutions and welfare economics, crime and punishment, and kindness and al...
Equilibrium Distribution of Labor Productivity: A Theoretical Model
Equilibrium Distribution of Labor Productivity Theoretical Model Statistical Finance
2012/6/4
We construct a theoretical model for equilibrium distribution of workers across sectors with different labor productivity, assuming that a sector can accommodate a limited number of workers which depe...
Behavioral Competitive Equilibrium and Extreme Prices
Behavioral Competitive Equilibrium Extreme Prices
2014/3/18
We introduce a notion of behavioral competitive equilibrium (BCE), to study house-
holds' inability to tailor their consumption to the state of the economy. Our notion is
motivated by limited cognit...
Continuous Equilibrium in Affine and Information-Based Capital Asset Pricing Models
Continuous-time equilibrium exponential utility CAPM affine processes information based asset pricing implied volatility
2012/3/2
We consider a class of generalized capital asset pricing models in continuous time with a finite number of agents and tradable securities. The securities may not be sufficient to span all sources of u...
A resource allocation method based on competitiveness equilibrium for manufacturing grid
Competitive equilibrium Grid Iterative algorithm
2011/10/23
Optimal resource configuration is a critical issue for manufacturing grids. Economics is introduced for establishing a manufacturing grid resource marketplace and allocating resources based on market ...
General equilibrium and resource economics
General equilibrium Resource economies Truncation
2011/10/6
For a number of reasons a large class of general equilibrium models from the field of resource economics does not allow for an equilibrium analysis along the lines of the theory of infinite dimensiona...