This article describes a method for computing approximate equilibria for stochastic dynamic economies. The method is of general interest because it allows straightforward computation of equilibria in ...
This jingle has helped generations of algebra students recall the quadratic formula that solves every equation of the form $latex ax^2+bx+c=0$. The formula is as ...
Consumer surplus is the amount exceeding an equilibrium price the consumer is willing to pay. The equilibrium price is an idealized price, in which the demand for the good equals its supply. If the ...
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