Wealth concerns and equilibrium

Balasko, Yves

doi:10.1016/j.jmateco.2015.04.001

Cited by 6 publications

(6 citation statements)

References 21 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Replacement of existing taxes by the flat tax can reduce inequality (Bas et al 2010. In theory equilibrium manifolds not only relate to endowments of skills (Balasko 2015) but also to the right level of education as a Condorcet winner policy alternative (Pivato (2015)). Further empirical evidence of our findings can be found in the EUKLEMS data series on wage shares.…”

Section: Analysis Of Dynamic Cge Model Results On Growth and Redistrimentioning

confidence: 99%

Growth and Income Distributions in Four EU Economies

Bhattarai

2016

Int Adv Econ Res

View full text Add to dashboard Cite

Dynamic multi-sectoral and multi-household general equilibrium models are constructed to show how the economies of Germany, France, Spain and the United Kingdom will evolve from 2006 to 2090. These models generate dynamic paths of investment and capital accumulations, demand and supply across production sectors, consumption and welfare of households, relative prices of goods and services, revenue and expenditure of governments, exports, imports, and trade balance consistent with the dynamic general equilibrium in these economies. The models show that inequalities in income distribution among households will not decrease but widen if the current mix of direct and indirect taxes continues in all four countries. Growing inequalities in these economies justify further investments in education and skills.

show abstract

Section: Analysis Of Dynamic Cge Model Results On Growth and Redistrimentioning

confidence: 99%

Growth and Income Distributions in Four EU Economies

Bhattarai

2016

Int Adv Econ Res

View full text Add to dashboard Cite

show abstract

“…del Mercato (2006), Balasko (2015), Ericson and Kung (2015), and del Mercato and Platino (2017) use a differentiable approach to general equilibrium analysis. In Ericson and Kung (2015), individual preferences and production technology also depend on the price system, and the consumption set coincides with the positive orthant of the commodity space.…”

Section: Introductionmentioning

confidence: 99%

Externalities in private ownership production economies with possibility functions. An existence result

Platino

2021

Metroeconomica

View full text Add to dashboard Cite

We consider a private ownership production economy with consumption and production externalities. Each household is characterized by a consumption set described by a possibility function, an endowment of commodities, and preferences described by a utility function. Each firm is owned by households and it is characterized by technology described by a transformation function. The choices of all agents (households and firms) affect individual consumption sets, individual preferences, and production technologies. Describing equlibria in terms of first‐order conditions and market clearing conditions, and using a homotopy approach, under differentiability and boundary conditions, we prove the non‐emptiness and the compactness of the set of competitive equilibria with consumptions and prices strictly positive.

show abstract

“…2 See del Mercato (2006b) and Bonnisseau and del Mercato (2010) which prove the existence of equilibrium in models where externalities also imply consumption constraints, Balasko (2015) for a differentiable approach to the existence problem, He and Yannelis (2016) for existence results without continuity of preferences, and for welfare analysis see Borglin (1973) and Dufwenberg et al (2011) and the references they include.…”

Section: Introductionmentioning

confidence: 99%

Social loss with respect to the core of an economy with externalities

2020

View full text Add to dashboard Cite

We consider a pure exchange economy with externalities. We adopt a cooperative approach to equilibrium analysis, allowing each individual to cooperate with others and to form coalitions. Individual preferences are affected by the consumption of all other agents in the economy, and the consumption set of each agent is affected by the coalition to which he/she belongs. Following Montesano (2002), we introduce a measure of social loss with respect to the γ-core and α-core of the economy which completely characterizes the corresponding core allocations.

show abstract

Wealth concerns and equilibrium

Cited by 6 publications

References 21 publications

Growth and Income Distributions in Four EU Economies

Growth and Income Distributions in Four EU Economies

Externalities in private ownership production economies with possibility functions. An existence result

Social loss with respect to the core of an economy with externalities

Contact Info

Product

Resources

About