General equilibrium and social choice with increasing returns

A menor necessidade de demanda por margem de transporte devido à melhoria da acessibilidade entre as regiões faz reduzir o nível de atividade do setor de transporte rodoviário, o

Various forms of endogenous ‡uctuations, including stable 2-, 4-, 8-, and 15-cycles, quasiperiodic orbits and chaos can be identi…ed in this model if we introduce a constant tari¤

In particular, social security is converging to the steady state along an increasing path in the politico-economic equilibrium, while the Ramsey allocation implies a decreasing size

А для развитой экономики оказывается, что экзогенное ограничение имеет уже величина темпа роста совокупного выпуска g *, и поэтому она не может быть

For economic models the case in which the economic forces can be described as gradients of an individual utility function of an agent is of special importance.. It is only

We build a general equilibrium model where agents are subject to endogenous trading constraints, making the access to financial trade dependent on prices and consumption

Though Chaudhuri(2007) has considered the impact of foreign capital inflow in the presence of non-traded agricultural final commodity in a general equilibrium structure, our

The average quality of each type of intermediate good sectors Q CO , Q M2 , Q M3 , Q LM , output y, the wage for workers in the final goods sector w, and the expected profit