- Bridging the Gap Between Central and Local Decision|Making🔍
- Optimal Monetary Stabilization Policy🔍
- Deadweight Loss & Optimal Commodity Taxation 1🔍
- Yasusada Murata🔍
- Kristian Behrens🔍
- Optimal Control of Nonequilibrium Systems through Automatic ...🔍
- Equilibrium Versus the Invisible Hand🔍
- and Discontent in Decision|Making Processes🔍
Quantifying the Gap Between Equilibrium and Optimum under ...
Bridging the Gap Between Central and Local Decision-Making - arXiv
We will seek to quantify this equilibrium performance metric in the class of atomic congestion games. B. Congestion Games. We consider the ...
Optimal Monetary Stabilization Policy - Columbia University
considerations — a difference between optimal policy under commitment from the ... 1.4 because a negative past output gap will have occurred in equilibrium only ...
Method 2: Measuring EB in terms of total change in equilibrium quantity ... Note: nothing about first stage of IV; no testing for difference in.
Yasusada Murata - Google Sites
... of Urban Economics 123, 103348, 2021. Quantifying the gap between equilibrium and optimum under monopolistic competition, with Kristian ...
Part III: Quantifying the Inefficiency of Equilibria - CiteSeerX
Scheduling games: Traditionally also consider mixed-strategy strategy equilibria in this model. even in examples where all pure-strategy Nash are optimal, ...
Kristian Behrens - Google Scholar
Quantifying the gap between equilibrium and optimum under monopolistic competition. K Behrens, G Mion, Y Murata, J Suedekum. The Quarterly Journal of ...
Optimal Control of Nonequilibrium Systems through Automatic ...
The AD protocols perform similarly to existing near-equilibrium theoretical results in the linear regime and outperform the near-equilibrium ...
Equilibrium Versus the Invisible Hand - George Mason University
calculation of the optimum course available to the chooser, within the constraints imposed ... former Soviet Union as a result of their measuring output in ...
and Discontent in Decision-Making Processes - jstor
ABSTRACT. The concept of equilibrium plays a pivotal role in the neo- classical maximization theory. Equilibrium, or balance of forces, is an.
Allocative efficiency and the productivity slowdown
... in the optimal level of capital and labor for all firms in ... Suedekum (2020): “Quantifying the Gap. Between Equilibrium and Optimum under Monopolistic ...
Measuring the output gap, potential output growth and natural ...
in the tradable sector output that occur when the real multilateral exchange rate differs from its long-run equilibrium level. Therefore, when ...
itive equilibrium concept that many of the later chapters and many of the papers in ... nological change as the difference between changes in output and the ...
Keynesian cross (video) - Khan Academy
what is difference between equilibrium level of output and income level in keynsian and classical models.? ... equilibrium, isn't at an optimal state. It's ...
Optimal monetary policy under menu costs - Daniele Caratelli
That is, the gap in heights between the two blue bars is lessened ... In equilibrium, the wage menu cost paid by the household creates a wedge ...
General equilibrium theory - Wikipedia
In economics, general equilibrium theory attempts to explain the behavior of supply, demand, and prices in a whole economy with several or many interacting ...
Measuring the Social Return to R & D - Stanford University
In this paper we bridge the gap between the recent growth literature and the empirical ... of optimal investment to actual investment in research: Optimal. (19) ...
Foundations of complexity economics | Nature Reviews Physics
... optimal behaviour consistent with — in equilibrium with — the overall outcome caused by this behaviour. This rational, equilibrium system ...
The economic landscape: structural change, global R * and the ...
In equilibrium this reduction in demand lowers R*. ... The increasing unexplained gap between the two lines illustrates and quantifies the extent ...
Quantifying the Macroeconomic Effects of the COVID-19 Lockdown
would result by optimal labor supply decisions of households in an economy with fully ... rent price inflation, and the current level and change in the output gap ...
We provide a quantification of ... For a complete comparison between allocations in the decentralized equilibrium and in ... the gap between market and optimal ...