Logconcavity versus logconvexity: a complete characterization

Article Abstract:

Logconcavity, a popular concept in economics which appeals to both economic theorists and empiricists showed significant assymmetries with logconvexity. Their assymmetry is the result of the innate difficulty of extending logconvexity from a restricted distribution support to the enlarged real line whereas logconcavity always guarantees such extension. Moreover, the applied economists may examine the validity of the logconcavity assumption when formulating theoretical predictions using logconcavity assumption to real data.

Economics, Research and Development in the Social Sciences and Humanities

---

Uncertainty and the Theory of International Trade in Long-Run Equilibrium

Article Abstract:

A general equilibrium two-sector model of international trade is developed, in which both commodity price and technology are uncertain. The agents bearing production risks also are consumers. The additional role of entrepreneur alters the entry decision. Entry and exit is determined by their expected utility.

International aspects, Commerce

---

Constant Returns to Scale and Competitive Equilibrium under Uncertainty

Article Abstract:

Constant returns to scale in expected utility maximizing models are examined when risk cannot be traded. No guarantee of economic surplus in equilibrium can be obtained. Sufficient conditions are derived to cover the implicit costs of risk-bearing.

Similar abstracts:

• Abstracts: House allocation with transfers. Delay in multilateral bargaining under complete information. Production externalities and two-way distortion in principal-multi-agent problems
• Abstracts: The monetary transmission mechanism: an empirical framework. Should America save for its old age? Fiscal Policy, population aging, and national saving
• Abstracts: Aggregation without separability: a generalized composite commodity theorem. Dynamic Factor Demands and the Effects of Energy Price Shocks
• Abstracts: Scowls across the Atlantic. The Vatican Rag
• Abstracts: A Complete Characterization of Optimal Growth Paths in an Aggregated Model with a Non-Concave Production Function

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.