Uniform tariffs in general equilibrium —A simple model

1993 ◽  
Vol 57 (2) ◽  
pp. 189-196 ◽  
Author(s):  
Sugata Marjit
Keyword(s):  
Simple Model ◽  
General Equilibrium ◽  
Uniform Tariffs

scholarly journals Is Pollution a Giffen Good? General-Equilibrium Analysis and Some Policy Implications

2019 ◽  
Vol 10 (3) ◽  
pp. 488
Author(s):  
Aleksandar VASILEV
Keyword(s):  
Simple Model ◽  
General Equilibrium ◽  
Environmental Quality ◽  
Policy Implications ◽  
Equilibrium Analysis ◽  
Carbon Taxes ◽  
Pollution Permits ◽  
General Equilibrium Analysis ◽  
Giffen Good ◽  
Emission Caps

This paper takes a simple model with pollution and environmental quality and derives some novel results. In particular, pollution is shown to be a Giffen good. This is a very important finding with clear policy implications, namely that carbon taxes (and pollution permits) are counter-productive, as they lead to increase in pollution, and instead governments should administratively set emission caps.

The static general equilibrium model

2018 ◽  
Author(s):  
Hans Fehr ◽  
Fabian Kindermann
Keyword(s):  
Simple Model ◽  
General Equilibrium ◽  
Equilibrium Model ◽  
Economic Problem ◽  
General Equilibrium Model ◽  
Social Planner ◽  
Model Structure ◽  
Efficient Allocation ◽  
Closed Economy ◽  
Basic Model

Our first application is the static general equilibrium model. The model is called static since intertemporal aspects, such as savings and investment, are excluded by assumption. Consequently the capital stock of the economy is constant and we concentrate on the intersectoral allocation of resources and labour–leisure choices. In this chapter, we start the discussion with the most simple model structure and then successively introduce additional complexities, like government activity, intermediate goods production, or international trade. The most simple model structure comprises a closed economy with a representative consumer who supplies labour and capital in fixed amounts which are used by firms to produce two consumption goods. Section 3.1.1 develops the so-called ‘command optimum’ using this basic model. This is the allocation that would be chosen by a social planner who knows endowments, technologies, and preferences. After that we compare the command optimum to the allocation in a market economy. Then we introduce variable labour supply and government activities. The representative household supplies his endowment of capital .K̅ and labour .L̅ to the firms which use these inputs to produce output Y1 and Y2 of goods 1 and 2. Household consumption is denoted by X1 and X2 respectively. The economic problem is to allocate the scarce factor resources K and L to the two different types of firms in order to produce an output combination which maximizes the utility of the representative household. The latter is called an efficient allocation. In order to find the efficient allocation we first have to specify preferences and technologies.

Chaos and secular cycles in a structurally simple model society

2012 ◽  
Author(s):  
Alexander Medvinsky ◽  
Alexey Rusakov
Keyword(s):  
Simple Model

A Simple Model of Changes in Lumbar Intervertebral Angles During Sagittal Torso Flexion

2011 ◽  
Author(s):  
Riley E. Splittstoesser ◽  
Greg G. Knapik ◽  
William S. Marras
Keyword(s):  
Simple Model

Discussion of the band structure effects on thermoemission as deduced from a simple model

1976 ◽  
Vol 37 (2) ◽  
pp. 149-158 ◽  
Author(s):  
A.K. Bhattacharjee ◽  
B. Caroli ◽  
D. Saint-James
Keyword(s):  
Simple Model ◽  
Band Structure

Description of a Simple Model for the Study of Bone Calcium Metabolism

1980 ◽  
Vol 19 (01) ◽  
pp. 11-15
Author(s):  
G. Roncari ◽  
L. Rapisardi ◽  
L. Conte ◽  
G. Pedroli
Keyword(s):  
Simple Model ◽  
Calcium Metabolism ◽  
Good Description ◽  
Radioactive Tracer ◽  
Normal Subjects ◽  
Bone Diseases ◽  
Compartment System ◽  
Bone Calcium ◽  
Finite Period ◽  
Kinetics Of

A simple model for the study of bone calcium metabolism is proposed. It describes the kinetics of a radioactive tracer in terms of an open single compartment system with an expanding volume for a finite period of time. In addition to the simplicity of the hypotheses introduced, the model is able to give a good description of the biological processes which regulate calcium kinetics. Moreover the functional parameters can be easily calculated, even just graphically. 15 normal subjects and 22 patients affected by various bone diseases were studied. The results were compared with those obtained by using the model proposed by Burkinshaw et al. and the method described by Reeve et al.

What Did The Study of The Soviet Economy Contribute to Mainstream Economics?

2010 ◽  
pp. 39-55
Author(s):  
M. Ellman
Keyword(s):  
Economic Growth ◽  
Property Rights ◽  
General Equilibrium ◽  
Informal Sector ◽  
Institutional Economics ◽  
Soviet Economy ◽  
General Equilibrium Theory ◽  
Mainstream Economics ◽  
Universal Applicability ◽  
Soviet Experience

This article is an overview of the contribution made by economic Sovietology to mainstream economics. The long debate about the universal applicability of mainstream economics is reconsidered in the light of the Soviet experience. Information is provided on the contribution of the study of the Soviet economy to fields as diverse as the measurement of economic growth, institutional economics, economic administration, the economics of property rights, the economics of the informal sector, the economics of famines, the Austrian critique of general equilibrium theory, and incentives.

Sign in / Sign up

Export Citation Format

Share Document