Zobrazeno 1 - 10
of 323
pro vyhledávání: '"Foley, Duncan"'
Adam Smith's inquiry into the emergence and stability of the self-organization of the division of labor in commodity production and exchange is considered using statistical equilibrium methods from statistical physics. We develop a statistical equili
Externí odkaz:
http://arxiv.org/abs/2409.10402
Autor:
Foley, Duncan K., Scharfenaker, Ellis
Bayes' theorem incorporates distinct types of information through the likelihood and prior. Direct observations of state variables enter the likelihood and modify posterior probabilities through consistent updating. Information in terms of expected v
Externí odkaz:
http://arxiv.org/abs/2407.13029
A demand-driven alternative to the conventional Solow-Swan growth model is analyzed. Its medium run is built around Marx-Goodwin cycles of demand and distribution. Long-run income and wealth distributions follow rules of accumulation stated by Pasine
Externí odkaz:
http://epub.wu.ac.at/6891/1/WP_20.pdf
We present a model based on Keynesian aggregate demand and labor productivity growth to study how climate damage affects the long-run evolution of the economy. Climate change induced by greenhouse gas lowers profitability, reducing investment and cut
Externí odkaz:
http://epub.wu.ac.at/5831/1/WP_17.pdf
A demand-driven growth model involving capital accumulation and the dynamics of greenhouse gas (GHG) concentration is set up to examine macroeconomic issues raised by global warming, e.g. effects on output and employment of rising levels of GHG; offs
Externí odkaz:
http://epub.wu.ac.at/4557/1/EcolEcon_WorkingPaper_2015_3.pdf
Determining the social cost of carbon emissions (SCC) is a crucial step in the economic analysis of climate change policy as the US government's recent decision to use a range of estimates of the SCC centered at $77/tC (or, equivalently, $21/tCO2) in
Externí odkaz:
http://epub.wu.ac.at/4021/1/RezaiSeven.pdf
Despite worldwide policy efforts such as the Kyoto Protocol, the emission of greenhouse gases (GHG) remains a negative externality. Economic equilibrium paths in the presence of such an uncorrected externality are inefficient; as a consequence there