Learn how economic equilibrium balances market forces, the different types of equilibrium, and its applications in real-world ...

In this paper we develop the implications of competitive market equilibrium for production and household behavior when some prices are endogenously determined. The properties of market equilibrium ...

The study of equilibrium analysis in large games and commodity spaces lies at the heart of modern economic theory, where the interplay between individual strategic behaviour and aggregate market ...

Download PDF More Formats on IMF eLibrary Order a Print Copy Create Citation This paper develops a structural macroeconometric model of the world economy, disaggregated into forty national economies.

In partial equilibrium competitive models in which emissions are proportional to output, the optimal output of individual firms in a polluting industry is the same with or without a Pigouvian tax. The ...

John F. Nash, one of the most influential mathematicians of the 20 th century and subject of the 2001 film, “A Beautiful Mind”, died this past weekend along with his wife, Alicia, in a New Jersey taxi ...

China introduced the world's largest emissions trading system in 2021 which is intended to help cost-effectively achieve its pledges of reaching a peak in CO2 emissions before 2030 and carbon ...

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those ...