Evolution in a General Equilibrium framework

B-Tier
Journal: Journal of Mathematical Economics
Year: 2021
Volume: 96
Issue: C

Authors (2)

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

In this paper, we consider a general equilibrium model in which the economies are characterized by the distribution of firms on a set of branches of production; we will show that based on the decisions of the managers of the firms, it is possible to build a dynamic system whose solutions reproduce the possible trajectories of the economy. Once the initial state of an economy is known, that is, the initial distribution of firms, we will have a unique solution for this dynamic system, which will coincide with the evolution of the economy, that is, the evolution of prices and equilibrium allocations.

Technical Details

RePEc Handle
repec:eee:mateco:v:96:y:2021:i:c:s0304406821000768
Journal Field
Theory
Author Count
2
Added to Database
2026-01-24