Inventory and Price Equilibrium Models Applied to the Storage Problem

Price Discount and Stochastic Initial Inventory in the Newsboy Problem

Many extension of the newsboy problem have been solved in the literature. One of those extensions solves a newsboy problem with stochastic initial inventory, earlier extensions have focused on quantity discounts offered by suppliers. An important practical extension would address a combination of the two pervious extensions. In this paper we consider a newsboy problem in which the suppliers off...

The Structure of Applied General Equilibrium Models

Price Equilibrium for Infinite Horizon Economic Models

The paper analyzes one-sector models of general equilibrium over an infinite time horizon in which there are an infinite number of agents, these being the members of successive generations. It is argued that such models are more realistic than the customary equilibrium models with finitely many agents. Three aspects of these models are then examined including: (1) non-optimalities in the form o...

Testing for a unique equilibrium in applied general equilibrium models

This paper introduces a new and computationally inexpensive method to test for uniqueness of equilibrium in exchange economies. ( 1999 Published by Elsevier Science B.V. All rights reserved. JEL classixcation: C63; C68; D58

Equilibrium Models for the Carbon Leakage Problem

Carbon leakage in this paper is the phenomenon whereby Electricity Intensive Industries subject to harsh environmental standards move their activity or part of it to more environmentally lenient regions. Carbon leakage has been mentioned as a possible outcome of the EU Emission Trading Scheme. Different studies are underway to assess the reality of the phenomenon and to devise policies to mitig...