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  1. The equilibrium controversy
    Guidobaldo del Monte’s critical notes on the mechanics of Jordanus and Benedetti and their historical and conceptual backgrounds
    Author: Damerow, Peter; Renn, Jürgen
    Published: 2012
    Publisher:  Ed. Open Access, Berlin

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    Language: English; Latin
    Media type: Ebook
    Format: Online
    ISBN: 9783869319599
    Other identifier:
    9783869319599
    DDC Categories: 004
    Series: Max Planck research library for the history and development of knowledge : Sources ; 2
    Other subjects: (Produktform)Electronic book text; (Zielgruppe)Allgemein; mechanics; early modern; lever; science of weights; history; history of mechanics; early modern period; balances; equilibrium; Benedetti; MPRL; Edition Open Access; (VLB-WN)1510
  2. <<The>> equilibrium controversy
    Guidobaldo del Monte’s critical notes on the mechanics of Jordanus and Benedetti and their historical and conceptual backgrounds
    Author: Damerow, Peter; Renn, Jürgen
    Published: 2012
    Publisher:  Ed. Open Access, Berlin

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    Language: English; Latin
    Media type: Ebook
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    ISBN: 9783869319599
    Other identifier:
    9783869319599
    DDC Categories: 004
    Series: Max Planck research library for the history and development of knowledge : Sources ; 2
    Other subjects: mechanics; early modern; lever; science of weights; history; history of mechanics; early modern period; balances; equilibrium; Benedetti; MPRL; Edition Open Access
  3. The Equilibrium Controversy
    Guidobaldo del Monte’s Critical Notes on the Mechanics of Jordanus and Benedetti and their Historical and Conceptual Backgrounds
    Author: Damerow, Peter; Renn, Jürgen
    Published: 2012
    Publisher:  Ed. Open Access, Berlin

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    Source: Union catalogues
    Language: English
    Media type: Ebook
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    ISBN: 9783869319599
    Other identifier:
    9783869319599
    Series: Max Planck Research Library for the History and Development of Knowledge / Sources ; 2
    Subjects: Gleichgewicht; Mechanik; Mechanik
    Other subjects: Del Monte, Guido Ubaldo (1545-1607); Iordanus Nemorarius (-1235); Benedetti, Giovanni Battista (1530-1590); (Produktform)Electronic book text; (Zielgruppe)Allgemein; mechanics; early modern; lever; science of weights; history; history of mechanics; early modern period; balances; equilibrium; Benedetti; MPRL; Edition Open Access; (VLB-WN)1510
    Scope: Online-Ressource
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    Lizenzpflichtig. - Vom Verlag als Druckwerk on demand und/oder als E-Book angeboten
  4. The equilibrium controversy
    Guidobaldo del Monte`s critical notes on the mechanics of Jordanus and Benedetti and their historical and conceptual background
    Author: Renn, Jürgen; Damerow, Peter
    Published: 2017
    Publisher:  Edition Open Access, Berlin

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Print
    ISBN: 9783945561263; 3945561264
    Series: Max Planck research library for the history and development of knowledge : [...], Sources ; 2
    Subjects: Gleichgewicht; Mechanik
    Other subjects: Del Monte, Guido Ubaldo (1545-1607); Iordanus Nemorarius (-1235); Benedetti, Giovanni Battista (1530-1590); (Zielgruppe)Allgemein; mechanics; early modern; lever; science of weights; history; history of mechanics; early modern period; balances; equilibrium; Benedetti; MPRL; Edition Open Access
    Scope: x, 376 Seiten, Illustrationen, 21 cm
  5. The "robot economy" and optimal taxtransfer reforms
    Author: Colombino, Ugo; Islam, Nizamul
    Published: [2022]
    Publisher:  CHILD, Centre for Household, Income, Labour and Demographic Economics, Collegio Carlo Alberto, Università degli studi di Torino, [Torino]

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    Series: CHILD working papers ; no. 101 (April 2022)
    Subjects: empirical optimal taxation; microsimulation; microeconometrics; evaluation of tax-transfer rules; equilibrium; robot economy
    Scope: 1 Online-Ressource (circa 57 Seiten)
  6. Peter Howitt - a Keynesian still in recovery
    Author: Laidler, David E. W.
    Published: 2022
    Publisher:  Department of Economics, Social Science Centre, Western University, London, Ontario, Canada

    Peter Howitt is best known for his contributions to growth theory, but his work in short- run economics, which began with his Ph.D thesis and still continues, is important and deserves attention. It lies firmly in the Keynesian macro-disequilibrium... more

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    Peter Howitt is best known for his contributions to growth theory, but his work in short- run economics, which began with his Ph.D thesis and still continues, is important and deserves attention. It lies firmly in the Keynesian macro-disequilibrium tradition of Clower and Leijonhufvud, and for a long time has been overshadowed by New-classical and New-Keynesian orthodoxy. However, the development of agent based modelling and behavioural economics will perhaps give disequilibrium macroeconomics a new lease on life.

     
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    Language: English
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    Other identifier:
    hdl: 10419/270413
    Series: Department of Economics research report series ; # 2022, 11 (September 2022)
    Subjects: equilibrium; disequilibrium; money; New classical Economics; New KeynesianEconomics; Keynes; Lucas; Howitt; Clower; Leijonhufud; Phelps
    Scope: 1 Online-Ressource (circa 22 Seiten)
  7. Nash equilibria of COVID-19 vaccination
    Author: Saccal, Alessandro
    Published: [2022]
    Publisher:  EERI, Economics and Econometrics Research Institute, Brussels, Belgium

    The present research conducts a formal analysis of the interactive decisions concerning the enterprise of COVID-19 vaccination on the part of governments and citizens. It specifically constructs a noncooperative static game with complete information... more

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    The present research conducts a formal analysis of the interactive decisions concerning the enterprise of COVID-19 vaccination on the part of governments and citizens. It specifically constructs a noncooperative static game with complete information between the citizen and the government encompassing the strategies of vaccination and no vaccination with regard to the former and the strategies of direct imposition, subsistence restrictions, luxury restrictions and no imposition with regard to the latter. On account of its payoff structure the present analysis finds that the game in question presents one sole and strict pure strategy Nash equilibrium, being that of strategies no vaccination and no imposition, respectively. The core rationale is that the citizen accepts COVID-19 vaccination only if his subsistence survival is placed at risk, because of the inherent unlawfulness presented by COVID-19 vaccination, itself due to foetal exploitation and potentially adverse effects, thereby prompting the government not to impose it, lest individual integrity and societal rights be violated as well. It furthermore shows that the exogenous elimination of the no imposition strategy on the part of the government transforms the Nash equilibrium into that of strategies vaccination and direct imposition, respectively, as materially come to pass. It finally determines that the unlikely addition of the revolution strategy on the part of the citizen in the presence of the elimination of the no imposition strategy on the part of the government likewise admits one sole and strict pure strategy Nash equilibrium, either in strategies vaccination and direct imposition or in strategies revolution and direct imposition, respectively.

     
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    Language: English
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    Other identifier:
    hdl: 10419/273055
    Series: EERI research paper series ; no 2022, 11
    Subjects: citizen; COVID-19; equilibrium; game; government; imposition; pandemic; payoff; vaccination
    Scope: 1 Online-Ressource (circa 33 Seiten)
  8. Layered networks, equilibrium dynamics, and stable coalitions
    Author: Fu, Jing; Page, Frank H.; Zigrand, Jean-Pierre
    Published: [2022]
    Publisher:  Systemic Risk Centre, The London School of Economics and Political Science, London

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    Series: SRC discussion paper ; no 117 (March 2022)
    Subjects: club networks; stable coalition structures; networks as partial functions; Harris recurrent sets; basins of attraction; stationary Markov perfect equilibria; equilibrium
    Scope: 1 Online-Ressource (circa 41 Seiten)
  9. Optimal investment and equilibrium pricing under ambiguity
    Author: Anthropelos, Michail; Schneider, Paul
    Published: November 24, 2021
    Publisher:  Swiss Finance Institute, Geneva

    We consider portfolio selection under nonparametric alpha-maxmin ambiguity in the neighbourhood of a reference distribution. We show strict concavity of the portfolio problem under ambiguity aversion.Implied demand functions are nondifferentiable,... more

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    We consider portfolio selection under nonparametric alpha-maxmin ambiguity in the neighbourhood of a reference distribution. We show strict concavity of the portfolio problem under ambiguity aversion.Implied demand functions are nondifferentiable, resemble observed bid-ask spreads, and are consistent with existing parametric limiting participation results under ambiguity. Ambiguity seekers exhibit a discontinuous demand function, implying an empty set of reservation prices. If agents have identical, or sufficiently similar prior beliefs, the first best equilibrium is no trade. Simple sufficient conditions yield the existence of a Pareto-efficient second-best equilibrium which reconciles many observed phenomena in financial markets, such as liquidity dry-ups, portfolio inertia, and negative risk premia

     
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    Series: Research paper series / Swiss Finance Institute ; no 21, 78
    Subjects: ambiguity; equilibrium; asset pricing
    Scope: 1 Online-Ressource (circa 31 Seiten), Illustrationen
    Notes:

    "This is an incomplete and preliminary version of the paper." - Seite 1
  10. Layered networks, equilibrium dynamics, and stable coalitions
    Author: Fu, Jing; Page, Frank H.; Zigrand, Jean-Pierre
    Published: [2022]
    Publisher:  [LSE Financial Markets Group], [London]

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    Series: [FMG discussion paper] ; [DP 852]
    SRC discussion paper ; no 117 (March 2022)
    Subjects: club networks; stable coalition structures; networks as partial functions; Harris recurrent sets; basins of attraction; discounted stochastic games; stationary Markov perfect equilibria; equilibrium
    Scope: 1 Online-Ressource (circa 41 Seiten), Illustrationen
  11. The "robot economy" and optimal taxtransfer reforms
    Author: Colombino, Ugo; Islam, Nizamul
    Published: March 2022
    Publisher:  IZA - Institute of Labor Economics, Bonn, Germany

    Globalization and automation might imply deep changes on the labour market. An important policy issue is whether and how the tax-transfer rules should be reformed to cope with those changes. While the prevailing response has consisted of more... more

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    Globalization and automation might imply deep changes on the labour market. An important policy issue is whether and how the tax-transfer rules should be reformed to cope with those changes. While the prevailing response has consisted of more sophisticated designs of mean-testing and targeting, we also witness an increasing interest in policies inspired by simplicity and universality. In this paper we take the latter route. Using a combination of behavioural microsimulation and numerical optimization, we look for a social welfare optimal tax-transfer rule within a flexible class where total household disposable income is a 4th polynomial in total household taxable income. We use a model of household labour supply that makes it possible to account for equilibrium constraints and to evaluate the effects of exogenous labour demand shocks. We consider two stylized scenarios: the Jobless Economy (the robots take over 10% of jobs at every skill-level) and the Polarized Economy (the robots take over 10% of the unskilled jobs while skilled jobs increase by 10%). We compare the social welfare performance of the polynomial optimal rules and of the current rules under the Current Economy scenario and under the alternative Jobless Economy and the Polarized Economy scenarios. We present results using the 2015 EU-SILC data sets for France, Germany, Italy and Luxembourg. The polynomial optimal rules feature a universal basic income and an almost flat marginal tax rate profile and are social welfare-superior under the Current Economy scenario in all the countries and also under the alternative scenarios in France, Germany and Italy.

     
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    hdl: 10419/263414
    Series: Discussion paper series / IZA ; no. 15198
    Subjects: empirical optimal taxation; microsimulation; microeconometrics; evaluation of tax-transfer rules; equilibrium; robot economy
    Scope: 1 Online-Ressource (circa 58 Seiten)
  12. Contagion and equilibria in diversified financial networks
    Author: Amelkin, Victor; Venkatesh, Santosh S.; Vohra, Rakesh V.
    Published: November 30, 2021
    Publisher:  Penn Institute for Economic Research, Department of Economics, University of Pennsylvania, Philadelphia, PA

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    Series: PIER working paper ; 21, 029
    Subjects: financial network; random network; contagion; systemic risk; equilibrium; dynamics; concentration of measure
    Scope: 1 Online-Ressource (circa 72 Seiten), Illustrationen
  13. Macroeconomic equilibriums, crises and fiscal policy
    Author: Andersson, Fredrik N. G.
    Published: October 2020
    Publisher:  Department of Economics, School of Economics and Management, Lund University, Lund

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    Other identifier:
    hdl: 10419/260313
    Series: Working paper / Department of Economics, Lund University ; 2020, 21
    Subjects: crisis; equilibrium; macroeconomic models; fiscal policy; national debt; fiscal frameworks
    Scope: 1 Online-Ressource (circa 35 Seiten), Illustrationen
  14. Fiscal autonomy and self-setermination
    Author: Loumeau, Gabriel; Stettler, Christian
    Published: November 2021
    Publisher:  CESifo, Center for Economic Studies & Ifo Institute, Munich, Germany

    This paper studies the equilibrium effects of local fiscal autonomy accounting for benefits from self-determination. It proposes a quantifiable structural equilibrium framework in which imperfectly mobile heterogeneous households sort themselves... more

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    This paper studies the equilibrium effects of local fiscal autonomy accounting for benefits from self-determination. It proposes a quantifiable structural equilibrium framework in which imperfectly mobile heterogeneous households sort themselves across jurisdictions under endogenous public good provision. We calibrate the framework to fit the economic and geographic characteristics of the Canton of Bern using household-level data. In particular, we exploit quasi-natural policy variation in voting rights to quantify benefits from self-determination, and employ machine learning methods to accurately represent the local political process. We find that restricting local fiscal autonomy decreases welfare for (almost) all households.

     
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    Other identifier:
    hdl: 10419/248990
    Series: CESifo working paper ; no. 9445 (2021)
    Subjects: fiscal autonomy; self-determination; decentralization; household; equilibrium; quasi-natural variation
    Scope: 1 Online-Ressource (circa 60 Seiten), Illustrationen
  15. Non-manipulable house exchange under (minimum) equilibrium prices
    Author: Svensson, Lars-Gunnar; Andersson, Tommy; Ehlers, Lars H.
    Published: [2021]
    Publisher:  [Départment de Sciences Économiques, Université de Montréal], [Montréal]

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    Other identifier:
    hdl: 1866/25815
    Series: [Cahier] / [Département de Sciences Économiques, Université de Montréal] ; [2021, 01]
    Subjects: Public housing; existing tenants; equilibrium; minimum equilibrium prices; domain
    Scope: 1 Online-Ressource (circa 17 Seiten)
  16. Heterogeneous beliefs and approximately self-fulfilling outcomes
    Author: Desgranges, Gabriel; Ghosal, Sayantan
    Published: [2021]
    Publisher:  [Adam Smith Business School], [Glasgow]

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    Series: Working paper series / University of Glasgow, Adam Smith Business School ; paper no. 2021, 07 (May 2021)
    Subjects: p-consensus; p-stability; equilibrium; rationalizability; heterogeneous; beliefs; preferences; games; markets
    Scope: 1 Online-Ressource (circa 34 Seiten), Illustrationen
  17. Foundations of models with complementarities
    Author: Sabarwal, Tarun
    Published: April 6, 2023
    Publisher:  University of Kansas, Department of Economics, Lawrence, Kansas

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    Edition: This version: April 6, 2023
    Series: Working papers series in theoretical and applied economics ; 2023, 07
    Subjects: complementarities; equilibrium; fixed point; strategic complements; monotone comparative statics
    Scope: 1 Online-Ressource (circa 42 Seiten), Illustrationen
  18. The innovative choice as an out-ofequilibrium process
    towards an adaptive (or sequence) approach
    Author: Gaffard, Jean-Luc
    Published: [2022]
    Publisher:  OFCE, Paris, France

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    Series: Sciences Po OFCE working paper ; no 2022, 16
    Subjects: Coordination; equilibrium; structural change; viability
    Scope: 1 Online-Ressource (circa 20 Seiten)
  19. Macro's missing link the unbridged gap between Monetarism and the Wicksell Connection
    Author: Laidler, David E. W.
    Published: 2023
    Publisher:  Department of Economics, Social Science Centre, Western University, London, Ontario, Canada

    Modern mainstream macroeconomics treats the economy “as if” always in equilibrium. Two older traditions, Monetarism and the Wicksell Connections have always dissented, arguing that how agents gather information and apply it to the co-ordination of... more

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    Modern mainstream macroeconomics treats the economy “as if” always in equilibrium. Two older traditions, Monetarism and the Wicksell Connections have always dissented, arguing that how agents gather information and apply it to the co-ordination of their activities are prior problems requiring attention before equilibrium can, or cannot, be assumed. They have developed the implications of this claim along different lines, however, with the former dealing with questions raised by the existence of monetary exchange in general and the latter concentrating in particular on inter-temporal issues. This gap has persisted since Wicksell opened it up, and has never been satisfactorily bridged: why?

     
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    hdl: 10419/297767
    Series: Department of Economics research report series ; # 2023, 4 (June 2023)
    Subjects: Wicksell; Monetarism; information; co-ordination; equilibrium
    Scope: 1 Online-Ressource (circa 28 Seiten)
  20. An efficient and strategy-proof multi-item ascending auction under financial constraints
    Author: Yang, Zaifu; Yu, Jingsheng
    Published: [2022]
    Publisher:  Department of Economics and Related Studies, University of York, Heslington, York

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    Series: Discussion papers in economics / University of York ; no. 22, 02
    Subjects: Ascending auction; core; equilibrium; budget constraint; incen- tive; assignment market
    Scope: 1 Online-Ressource (circa 38 Seiten)
  21. A model of occupational licensing and statistical discrimination
    Author: Blair, Peter Q.; Chung, Bobby W.
    Published: 8-26-2021
    Publisher:  W.E. Upjohn Institute for Employment Research, Kalamazoo, MI

    We develop a model of statistical discrimination in occupational licensing. In the model, there is endogenous occupation selection and wage determination that depends on how costly it is to obtain the license and the productivity of the human capital... more

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    We develop a model of statistical discrimination in occupational licensing. In the model, there is endogenous occupation selection and wage determination that depends on how costly it is to obtain the license and the productivity of the human capital that is bundled with the license. Under these assumptions, we find a unique equilibrium with sharp comparative statics for the licensing premiums. The key theoretical result in this paper is that the licensing premium is higher for workers who are members of demographic groups that face a higher cost of licensing. The intuition for this result is that the higher cost of licensing makes the license a more informative labor market signal. (This is a similar insight to Spence 1973). The predictions of the model can explain, for example, the empirical finding in the literature that occupational licenses that preclude felons close the racial wage gap among men by conferring a higher premium to black men than to white men (Blair and Chung 2018). Moreover, we show that in general the optimal cost of licensing is nonzero: an infinitely costly licenses screens out all workers, while a costless license is no screen at all.

     
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    hdl: 10419/246065
    Series: Upjohn Institute working paper ; 21, 351
    Subjects: statistical discrimination; occupational licensing; labor market signal; equilibrium
    Scope: 1 Online-Ressource (circa 18 Seiten)
  22. Discovery and equilibrium in games with unawareness
    Author: Schipper, Burkhard
    Published: [2021]
    Publisher:  [University of California, Davis, Department of Economics], [Davis, CA]

    Equilibrium notions for games with unawareness in the literature cannot be interpreted as steady-states of a learning process because players may discover novel actions during play. In this sense, many games with unawareness are "self-destroying" as... more

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    Equilibrium notions for games with unawareness in the literature cannot be interpreted as steady-states of a learning process because players may discover novel actions during play. In this sense, many games with unawareness are "self-destroying" as a player's representation of the game may change after playing it once. We define discovery processes where at each state there is an extensive-form game with unawareness that together with the players' play determines the transition to possibly another extensive-form game with unawareness in which players are now aware of actions that they have discovered. A discovery process is rationalizable if players play extensive-form rationalizable strategies in each game with unawareness. We show that for any game with unawareness there is a rationalizable discovery process that leads to a self-confirming game that possesses a self-confirming equilibrium in extensive-form rationalizable strategies. This notion of equilibrium can be interpreted as steady-state of both a discovery and learning process.

     
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    hdl: 10419/244608
    Series: [Working papers / University of California, Davis, Department of Economics ; 340]
    Subjects: Self-confirming equilibrium; conjectural equilibrium; extensive-form rationalizability; unawareness; extensive-form games; equilibrium; learning; discovery
    Scope: 1 Online-Ressource (circa 54 Seiten), Illustrationen
  23. Non-manipulable house exchange under (minimum) equilibrium prices
    Author: Andersson, Tommy; Ehlers, Lars H.; Svensson, Lars-Gunnar
    Published: December 2020
    Publisher:  Department of Economics, School of Economics and Management, Lund University, Lund

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    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 570
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/260320
    Series: Working paper / Department of Economics, Lund University ; 2020, 28
    Subjects: Public housing; existing tenants; equilibrium; minimum equilibrium prices; domain
    Scope: 1 Online-Ressource (circa 18 Seiten)
  24. Théorie économique et philosophie de la mesure
    Author: Gaffard, Jean-Luc
    Published: [2021]
    Publisher:  OFCE, Paris, France

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    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    ZSS 48
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    Source: Union catalogues
    Language: French
    Media type: Book
    Format: Online
    Series: Sciences Po OFCE working paper ; no 2021, 22
    Subjects: Contradiction; equilibrium; instability; moderation; money
    Scope: 1 Online-Ressource (circa 17 Seiten)
  25. Universal theory of equilibrium in models with complementarities
    Author: Sabarwal, Tarun
    Published: November 18, 2023
    Publisher:  University of Kansas, Department of Economics, Lawrence, Kansas

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    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 526
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Edition: This version: November 18, 2023
    Series: Working papers series in theoretical and applied economics ; 2023, 12
    Subjects: complementarities; equilibrium; fixed point; poset; monotone comparative statics
    Scope: 1 Online-Ressource (circa 53 Seiten), Illustrationen