Titlebook: Increasing Returns and Economic Analysis; Kenneth J. Arrow (Joan Kenney Professor of Economi Book 1998 Palgrave Macmillan, a division of M

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書目名稱Increasing Returns and Economic Analysis影響因子(影響力)學(xué)科排名




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書目名稱Increasing Returns and Economic Analysis網(wǎng)絡(luò)公開度學(xué)科排名




書目名稱Increasing Returns and Economic Analysis被引頻次




書目名稱Increasing Returns and Economic Analysis被引頻次學(xué)科排名




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書目名稱Increasing Returns and Economic Analysis讀者反饋




書目名稱Increasing Returns and Economic Analysis讀者反饋學(xué)科排名

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ersity 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 othe

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entail

Specialization and Division of Labour: A Surveyation and the equilibrium models that apply marginal analysis to endogenize individuals’ levels of specialization will be surveyed in Section 1.3. New classical equilibrium models of specialization based on corner solutions and inframarginal analysis will be surveyed in Section 1.4.

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Commentinction between the New Keynesian and the Keynesian models by demonstrating the effectiveness of fiscal policy. My comments arise from such a distinction as well as modelling a wage tax to pay for redistribution benefit.

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Book 1998Part 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.

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健壯

Economies of Specialization and Trade exogenous comparative advantage explains patterns of specialization and division of labour between countries. It focuses on the models with constant Retums to scale which cannot explain international trade from individuals’ decisions of their level and patterns of specialization.

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A Dynamic Model of Monopolistic Competition with Trade Externalities and Fiscal PolicyCooper and John (1988) among others. These externalities are also called ‘strategic complementarities’, the existence of which gives rise to Pareto-rankable multiple equilibria, Keynesian features and policy implications.