SERIE RESEARCH mEIIlORHIIDn AN ADJUSTMENT PROCESS FOR AN EXCHANGE ECONOMY WITH LINEAR PRODUCTION TECHNOLOGIES by
نویسندگان
چکیده
In this paper an adjustment process for an exchange economy with linear production technologies is given. The process reaches an equilibrium by simultaneous adaptations of prices and activity levels. Till thusfar no such process exists. An important feature of the process is that it keeps track of the location of the starting price vector throughout its operation. Furthermore, the choice of the starting price vector is only limited by economie considerations. Besides, the process converges under rather weak conditions and possesses an appealing economie interpretation.
منابع مشابه
Oil Shocks and Macroeconomic Adjustment: a DSGE modeling approach for the Case of Libya, 1970â2007
Libya experienced a substantial increase in oil revenue as a result of increased oil prices during the period of the late 1970s and early 1980s, and again after 2000. Recent increases in oil production and the price of oil, and their positive and negative macroeconomic impacts upon key macroeconomic variables, are of considerable contemporary importance to an oil dependent economy such as that...
متن کاملبرآورد میزان انحرافهای نرخ ارز حقیقی از مقادیر تعادلی آن در ایران
Real exchange rate disequilibrium may prove destructive to economy of countries. Thus, controlling exchange rates deviation from has always been one of the vital goals of governments. The first step in controlling this variable would be to know the equilibrium value of the real exchange rate. Linear regression models are employed in most researches where real exchange rate equilibrium value is ...
متن کاملModeling of esterification in a batch reactor coupled with pervaporation for production of ethyl acetate catalyzed by ion- exchange resins
In the chemical industry, process intensification is needed to meet important goals such as sustainable and eco-friendly processes. For esterification reaction the “produce more with less pollution” objective can be achieved by coupling reaction and separation in a so called integrated process. In this work a model for describing the esterification reaction of ethyl acetate in pervaporation mem...
متن کاملOptimal Process Adjustment with Considering Variable Costs for Uni-variate and Multi-variate Production Process (RESEARCH NOTE)
This paper studies a single-stage production system, two-stage production system where specification limits are designed for inspection. When quality characteristics fall below a lower threshold or above an upper threshold, a decision is made to rework or scrap the item. The target is to determine the optimum target for a process based on rework or scrap costs. In contrast to previous studies, ...
متن کاملTheoretical and Operational Study to Allocate Foreign Currency through Exchange
One of the most important policies concerning the adjustment of foreign trade is to allocate foreign currency by establishing an exchange control system. The mechanism of this would be so that the Central Bank operates or supervises all transactions concerning foreign exchange. However, the controlling system, like all other international systems of payment, operates with some adjustments and i...
متن کامل