Industrialization and substitutability: a note

Article Abstract:

The effect of technological progress on industrialization and the equilibrium dynamics is examined using a simple model assuming in a small open economy with two final goods. Analysis suggests that the degree of substitutability among intermediate inputs should be an important factor when a development strategy is planned.

Industrial development, Industrialization, Open economy

---

Subjective temporary equilibrium

Article Abstract:

The notion of a subjective temporary equilibrium, within the framework of a simple example is introduced. The resulting non-linear law of motion is referred to as a subjective temporary equilibrium as its specification is determined largely by the subjective beliefs of the agents regarding the dynamics of this system.

---

Real options and preemption under incomplete information

Article Abstract:

Incomplete information and preemption into an equilibrium model of firms facing real investment decisions is introduced. The model implies that the equity returns of firms that hold real options and are subject to preemption will contain jumps and positive skewness.

Similar abstracts:

• Abstracts: Pareto optimality and optimistic stability in repeated extensive form games. Unmediated communication in games with complete and incomplete information
• Abstracts: Rethinking economic discrimination. Uncoupled dynamics do not lead to Nash equilibrium
• Abstracts: Self-selection and wages during volatile transition. Chinese competition and its effects on Mexican maquiladoras
• Abstracts: Inflows of capital to developing countries in the 1990s. Inflation targeting: a new framework for monetary policy?
• Abstracts: Maximum likelihood estimation of the nonlinear rational expectations asset pricing model. Consumption asset pricing with stable shocks-exploring a solution and its implication for mean equity returns

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