منابع مشابه
Household utility and its long-run impressionability from economic shocks
Due to the fact that in recent years, Iran has faced severe fluctuations and shocks from macroeconomic variables, the household utility has changed. Undoubtedly, without studying and researching the effects of these shocks on household utility, appropriate solutions cannot be provided to reduce its adverse consequences. Therefore, in the first stage, this study has extracted the household utili...
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Consider an oligopolistic industry composed of two groups (or populations) of firms, the low cost firms and the high cost firms. The firms produce a homogeneous good. I study the finite population evolutionarily stable strategy defined by Schaffer (1988), and the long run equilibrium in the stochastic evolutionary dynamics based on imitation and experimentation of strategies by firms in each gr...
متن کاملExistence and computation of short-run equilibria in economic geography
The new economic geography literature provides a general equilibrium framework that explains the emergence of economic agglomerations as a trade-off between increasing returns at the firm level and transportation costs related to the shipment of goods. The existence and uniqueness of short–run equilibria of this model has been shown for the case of two regions. The proposed approach employs the...
متن کاملLong-run Economic Growth and Human Capital
Economic growth is usually viewed from a short-term perspective but it is long-term growth that has been the basis of wealth and power for nation states throughout history. It is the basis also of the additional jobs and higher living standards that we all desire today. Most economists are happy enough, I think, to be labelled ‘pro-growth’. They do argue, however, about the priority to be attac...
متن کاملBiogeography and Long-Run Economic Development
The transition from a hunter-gather economy to agricultural production, which made possible the endogenous technological progress that ultimately led to the industrial revolution, is one of the most important events in the thousands of years of humankind’s economic development. In this paper we present theory and evidence showing that exogenous geography and initial condition biogeography exert...
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ژورنال
عنوان ژورنال: The Review of Economic Studies
سال: 1991
ISSN: 0034-6527
DOI: 10.2307/2298004