"General-equilibrium" refers to an analytical approach which looks at the economy as a complete system of inter-dependent components (industries, households, investors, governments, importers and exporters). "Applied" means that the primary interest is in systems that can be use…
The general equilibrium approach, Black asserts, can be used to explain most of the economy's behavior. It can explain business cycles and growth without using sticky prices, irrationality, economies of scale, or imperfect competition. It can explain the volatility of consumptio…
The general equilibrium approach, Black asserts, can be used to explain most of the economy's behavior. It can explain business cycles and growth without using sticky prices, irrationality, economies of scale, or imperfect competition. It can explain the volatility of consumptio…
This book contains 17 articles by leading experts on Banach Spaces, Vector Lattices, Vector Measures, Chaos, Fuzzy Measures and Mathematical Economics. Some of these articles are state-of-the-art surveys and others present ongoing research on the frontiers of the above subjects.…
"The authors, leading researchers in the fields of mathematical economics and methodology, present the first comprehensive synthesis of literature on qualitative and other nonparametric techniques, which are important elements of comparative statics and stability analysis in eco…
Within a formal framework, Christian Ragacs develops unconventional implications of minimum wages. He analyzes employment, output and growth effects, while taking into account that household involuntarily become unemployed. In this case, transactions differ from notional supply …
