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LONG RUN EQUILIBRIA
WILL ECONOMIC ACTIVITIES
NEGOTIATION AND OPTIMALITY
5 other sections not shown
Appendix Assume assumption autarkic capital endowment capital intensive capital stock chapter climate system commodity prices comparative statics competitive equilibrium concave consumers consumption converge countries with identical Country H decreasing Define Definition denoted discount factors endogenous equations exists a unique export the relatively Factor Price Equalization factor proportions fixed point Furthermore Given the commodity global optimal global temperature global warming greenhouse effect Heckscher-Ohlin model Heckscher-Ohlin Theorem Hence homogeneity identical preferences implies infinite investment labor supply law of motion long-run manufacturing activities market mechanism open economy output payoff planner production Proof of Lemma Proof of Proposition Q.E.D. Proof Q.E.D. Proposition relative population relative price relatively capital abundant relatively capital intensive relatively labor intensive result Schwarzian derivative Section social planner's problem stable periodic orbit Stolper-Samuelson Theorem subgame perfect equilibrium temperature level thesis trade unimodai unique steady utility function weakly stable periodic world economy