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Stability vs profit maximisation

I have a very general question to ask - if I am getting multiple equilibrium and I have to check which one will be picked ie. which Solution is stable, can I check it by comparing whichever produces ...
Elina Gilbert's user avatar
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1 answer

How to model discontinuities in sovereign debt interest rates?

For some emerging economies, the interest rates on sovereign debt are sometimes highly volatile: undergoing periods of stability then sharp upward/downward jumps. In continuous-time models, however, ...
cel's user avatar
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Textbook for dynamic commodity market modelling in continuous time

I am seeking textbook recommendations for dynamic commodity market modelling in economics (including or excluding finance). It should focus on continuous models rather than discrete ones, thus based ...
Nicola Gambaro's user avatar
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Comparative Dynamics for system of linear ODEs in normal form in matrix form

I have seen the use of comparative dynamics for systems of linear ODEs (for example, Wymer, 1976) in scalar form, usually in 2 dimensions. But I have not managed to find any worked example for a model ...
Nicola Gambaro's user avatar
1 vote
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Stata command for Dynamic Panel Production Function estimation

Consider a production function to be estimated, $$(*) y_{it} = \beta_0 +\beta_k k_{it} +\beta_l l_{it} + a_i +\omega_{it} +\varepsilon_{it}$$ where $\omega_{it}=\rho\omega_{i,t-1}+\xi_{it}$. The ...
Michael Gmeiner's user avatar
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McKelvey-Schofield Chaos Theorem Without Agenda Setter

The McKelvey-Schofield Chaos Theorem states that in a multidimensional preference space, it is almost always possible to reverse engineer the implementation of your desired policy by constructing an ...
user10478's user avatar
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