Equilibria in distorted infinite-horizon economies with capital and labor

Article Abstract:

There are methods for proving the existence of an equilibrium in infinite-horizon economies, which is composed of households that accumulate capital and supply labor, and faced with distortions and externalities. In addition, there are also methods to identify the equilibrium and verify their uniqueness. These methods can be applied to real and monetary economies.

Economics, Research and Development in the Social Sciences and Humanities, Analysis

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Uniqueness of an equilibrium in infinite-horizon economies subject to taxes and externalities

Article Abstract:

Research verifying the uniqueness of the equilibrium for stochastic economies of infinite-horizon and capital with distortionary taxes is presented. Particular attention is given to proofs developing the characteristic of concavity for monotone operators related to equilibria.

Economic aspects, Taxation, Stochastic processes

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Uniqueness of stationary equilibria in a one-dimensional model of bargaining

Article Abstract:

The authors provide minimal and maximal stationary equilibria for quadratic utility bargaining.

United States, Science & research, Models, Deals, Deals (Business)

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