We introduce a new family of utility functions for exchange markets. This family provides a natural and ”continuous” hybridization of the traditional linear and Leontief utilities and might be useful in understanding the complexity of computing and approximating of market equilibria. We show that a Fisher equilibrium of an exchange market with m commodities and n traders and hybrid linear-Leont...

Challenges in forecasting fleet development and deployment are in part due to fuel price uncertainty. To address this issue, a recent study developed an aircraft-specific Leontief technology operating cost model (LM) to compare aircraft costs under fuel price uncertainty. This model considers individual aircraft types to be Leontief technologies, such that the key drivers of cost must be used i...

The GEM-E3 model starts from the same basic structure as the standard World Bank models2. Following the tradition of these models, GEM-E3 is built on the basis of a Social Accounting Matrix (Decaluwe, Martens and Monette 1987; Decaluwe and Martens 1988) and explicitly formulates demand and supply equilibrium. Technical coefficients in production and demand are flexible in the sense that produce...

In recent years, researchers have sought to specify precisely what is meant by the ecological footprint, and there are some methods for calculating it. This paper features a new calculation method determining footprint (EFP). The basis of our model dynamic Leontief model. If applied, one can determine that sequence footprints periods. We also calculate both closed open economies. Our contains e...

Services. The opinions expressed in the paper are solely those of the author and do not necessarily reflect the views of DHHS or the Institute. Abstract This paper investigates whether the parameters of labor demand functions are sensitive to alternative methods of estimation. 'The assumption that the production technology is of the Generalized Leontief type implies that, the demand system can ...

In this paper, we examine the demand for fresh water of China in 2025 from the complex system modeling perspective and we develop an efficient, economical and practical water strategy to meet the demand for fresh water in 2025.Different from previous research, this study focus on studying several factors that can influence the demand for fresh water, and their interplay within the complex large...

in this paper, financial services in the iranian as a sector with a leontief production function, this sector buys inputs from other sectors for its productions and provides services to expedite the cash fellows and risk transformation to other sectors, the first relations are called backward linkage and the later relations are called forward linkage, for quantification of the linkage , employm...