Titlebook: Equilibrium, Markets and Dynamics; Essays in Honour of Cars H. Hommes,Roald Ramer,Cees A. Withagen Book 2002 Springer-Verlag Berlin Heidel

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heart-murmur

Indeterminateness of Equilibria and Macroeconomicsnsions, motivated by macroeconomic interpretations, concern money and price rigidities. In a natural extension to money (held for transaction purposes), if monetary policy fixes either nominal interest rates or money supply (but not both), the variability of inflation rates is unrestricted, at equil

花束

Equilibrium Properties of Status Seeking and Conformismre themselves to others. Two types of social comparison are studied: status seeking and conformism. Both are modelled as an implicit contest where individuals get higher reputation only if they surpass other people. In the status model, reputation increases with the fraction of people who take a low

男學(xué)院

Recent Criticism of General Equilibrium Theoryry. In particular, attention is paid to a critical book by Donald Walker. Although high regard is expressed for his analysis of the development and character of general equilibrium theory, the author is defending the relevance of the abstract nature of the theory of general equilibrium.

遠(yuǎn)地點(diǎn)

Coordinating Thoughts on Coordination Failuresoses to distinguish three classes of models with coordination failures. The classes are formed by strategic models with or without a coordinating role for prices, and general equilibrium models. The main insights resulting for each class of models are exhibited. It is argued that coordination failur

irradicable

irradicable

On the Economics of Managing and Returns to Communications Technologystructure of firms and other organizations. In this note we are trying to examine how a greater efficiency in the conveyance of information between superiors and subordinates in a hierarchic organization would influence the span of control of each level and the total number of levels in the hierarch

硬化

Dynamic Adjustment of Supply Constrained Disequilibria to Walrasian Equilibrium cyclic or even chaotic behavior in discrete time tatonnement processes. Starting from a trivial non-trade disequilibrium with complete rationing on the supplies at a given vector of initial prices, a quantity and price adjustment process is proposed, converging always to a Walrasian equilibrium. At

浸軟

A General Equilibrium of Managed Serviceswork on the set of individuals. There are many service networks possible, which all belong to the service network possibility set. The service structure consists of this set and a value function on the service networks. Specialization of individuals leads to separating the performer interaction from

不自然