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By applying dynamic principles, dynamic stochastic general equilibrium models contrast with the static models studied in applied general equilibrium models and some computable general equilibrium models. DSGE models employed by governments and central banks for policy analysis are relatively simple.
This includes courses on basic computational modelling and dynamic general equilibrium modelling. [22] The standard GTAP Model, which serves as a maquete or framework model linking the database to a basic general equilibrium system, was developed with the GEMPACK suite of software [23] but is also implemented using the GAMS suite of software. [24]
Also, members of older groups tended to perceive their groups to have more of the characteristics of Stage-3 and Stage-4 groups and to be more productive. Based on these results, Wheelan's position supports the traditional linear models of group development and casts doubt on the cyclic models and Gersick's punctuated equilibrium model.
Robert Solow interprets the theorem as showing that, for modelling macroeconomic growth, the dynamic stochastic general equilibrium is no more microfounded than simpler models such as the Solow–Swan model. As long as a macroeconomic growth model assumes an excess demand function satisfying continuity, homogeneity, and Walras's law, it can be ...
The managerial grid model or managerial grid theory (1964) is a model, developed by Robert R. Blake and Jane Mouton, of leadership styles. [1] This model originally identified five different leadership styles based on the concern for people and the concern for production. The optimal leadership style in this model is based on Theory Y.
Input–output accounts are part and parcel to a more flexible form of modelling, computable general equilibrium models [a]. Two additional difficulties are of interest in transportation work. There is the question of substituting one input for another, and there is the question about the stability of coefficients as production increases or ...
The Stackelberg model can be solved to find the subgame perfect Nash equilibrium or equilibria (SPNE), i.e. the strategy profile that serves best each player, given the strategies of the other player and that entails every player playing in a Nash equilibrium in every subgame.
"The role of a stock market in a general equilibrium model with technological uncertainty". American Economic Review. 42: 759– 76. Grandmont, J. M. (1977). "Temporary general equilibrium theory". Econometrica. 45 (3): 535– 72. doi:10.2307/1911674. JSTOR 1911674. Herings, J. J. (1996), Static and Dynamic Aspects of General Disequilibrium ...