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Author: Kenneth J. Arrow Publisher: Springer ISBN: 1349262552 Category : Business & Economics Languages : en Pages : 478
Book Description
Selected papers from many leading Australian, American, Asian, British and European economists of an international conference at Monash University sparked by the first Australian visit by Kenneth J. Arrow, Nobel Laureate in Economics. Part 1 extends the recently emerged New Classical Economics which uses inframarginal analysis to formally examine classical economic problems of specialization with insights on trade, growth, and many other issues. Part 2 analyses the implications of increasing returns and the associated non-perfect competition on some macro problems like the effects of nominal aggregate demand on output and the price level. Part 3 analyses the relationships of information, returns to scale, and issues of resources and trade.
Author: Kenneth J. Arrow Publisher: Springer ISBN: 1349262552 Category : Business & Economics Languages : en Pages : 478
Book Description
Selected papers from many leading Australian, American, Asian, British and European economists of an international conference at Monash University sparked by the first Australian visit by Kenneth J. Arrow, Nobel Laureate in Economics. Part 1 extends the recently emerged New Classical Economics which uses inframarginal analysis to formally examine classical economic problems of specialization with insights on trade, growth, and many other issues. Part 2 analyses the implications of increasing returns and the associated non-perfect competition on some macro problems like the effects of nominal aggregate demand on output and the price level. Part 3 analyses the relationships of information, returns to scale, and issues of resources and trade.
Author: Paramsothy Silvapulle Publisher: La Trobe University Schools of Economics and Commerce ISBN: Category : Business & Economics Languages : en Pages : 28
Author: Xiangkang Yin Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
This paper establishes a model, where up-stream firms 'produce' drastic innovations and down-stream firms specialize in final goods production. A drastic innovation obsolesces the existing technology but down-stream firms can improve it by their incremental innovations. The economy develops in waves, where each wave is surged by a great leap forward in technology and followed by a sequential of adjustments. It is found that if next drastic innovation comes sooner, efforts in current drastic innovation fall but efforts in incremental innovations rise. More investment by down-stream firms in incremental R&D reduces up-stream firms' incentives in drastic R&D. The comparative static analysis shows that a reduction in the expnsiveness of drastic innovation, and an increase in the sale of down-stream firms and in the insignificance of drastic innovation and in the duration of a drastic technology will raise (reduce) drastic (incremental) R&D efforts.
Author: Kenneth J. Arrow
Author: Kenneth J. Arrow
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Author: Paramsothy Silvapulle
Author: Xiangkang Yin
Author: 
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Author: Bibliothèque centrale (Fonds Quetelet)
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Author: Xiangkang Yin
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