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elvio accinelli

    elvio accinelli

    En este trabajo se considera la llegada de inversores extranjeros a una playa, hasta hora utilizada solo por residentes locales. La posibilidad de beneficios positivos ante una demanda creciente por servicios hoteleros en el lugar, puede... more
    En este trabajo se considera la llegada de inversores extranjeros a una playa, hasta hora utilizada solo por residentes locales. La posibilidad de beneficios positivos ante una demanda creciente por servicios hoteleros en el lugar, puede generar conflictos entre la poblacion local y las firmas extranjeras entrantes. Ante esta situacion una autoridad administrativa local puede tomar medidas para enlentecer o evitar el surgimiento del mismo. La playa, es considerada como un recurso comun, que no puede ser enajenado aunque si, entregada en concesion para su explotacion privada, por la autoridad local.
    In this paper we discuss the uniqueness of equilibria in productive economies, and we show that the source of the multiplicity of equilibria lies in the consumption set. This result is well know in the literature, our only object in this... more
    In this paper we discuss the uniqueness of equilibria in productive economies, and we show that the source of the multiplicity of equilibria lies in the consumption set. This result is well know in the literature, our only object in this work is to show a resume of this theme for the discussion in our seminar.
    Resumen En el presente artículo presentamos condiciones suficientes para la unicidad del equilibrio walrasiano, para economías con espacios de consumo de dimensión infinita. Mediante la función exceso de utilidad, transformamos el... more
    Resumen En el presente artículo presentamos condiciones suficientes para la unicidad del equilibrio walrasiano, para economías con espacios de consumo de dimensión infinita. Mediante la función exceso de utilidad, transformamos el problema de hallar condiciones de unicidad en un ...
    Abstract The aim of this paper is to characterize the set of non regular economies, when there is a finite number of consumers with either finite or infinitely many goods. We prove that the structure of the equilibrium set is the same in... more
    Abstract The aim of this paper is to characterize the set of non regular economies, when there is a finite number of consumers with either finite or infinitely many goods. We prove that the structure of the equilibrium set is the same in both cases and that there exist bifurcations in some of ...
    In this document, we analyse the strategic complementarity between technological investment and investment in training by workers. We show that, beyond the importance of the answer to the question about which factor determines which,... more
    In this document, we analyse the strategic complementarity between technological investment and investment in training by workers. We show that, beyond the importance of the answer to the question about which factor determines which, initial minimal conditions in both factors are required to start a long-run social development process. If these minimums are not met, the economy can become a self-satisfied economy, with a social mediocre performance but, at least in the short run, successful from the individual point of view. We consider that either manager of firms as workers are rational agents who make decisions about their future behaviour, considering the current state of the economy, understanding for such, the percentage of innovative and non-innovative firms in the market and the percentage of skilled and unskilled workers in the labour market. While managers decide the best way to invest, workers decide whether to invest or not in the upgrade or in the development of their skills to face the new challenges posed by technological change. The evolution of the economy is summarized in a complex dynamical system represented by a coupled dynamical system very close to the replicator dynamics considered in evolutionary game theory. In this way, we show that the initial conditions play a crucial role to understand the possibilities of future performance of the economy in each country, and, on the other hand, we analyse the conditions that make possible or necessary the intervention of the government in the economy. JEL Classifications: C72, C73, O11, O55, K42
    Abstract In this paper, we consider a general equilibrium model in which the economies are characterized by the distribution of firms on a set of branches of production; we will show that based on the decisions of the managers of the... more
    Abstract In this paper, we consider a general equilibrium model in which the economies are characterized by the distribution of firms on a set of branches of production; we will show that based on the decisions of the managers of the firms, it is possible to build a dynamic system whose solutions reproduce the possible trajectories of the economy. Once the initial state of an economy is known, that is, the initial distribution of firms, we will have a unique solution for this dynamic system, which will coincide with the evolution of the economy, that is, the evolution of prices and equilibrium allocations. The investment decisions of the administrators of the companies will change the distribution over the set of existing productive branches, which in turn will produce changes in the wealth of consumers who are also shareholders of the companies and then as a consequence, their demand will change, and therefore the equilibrium allocations and prices will too. In most cases, these decisions lead to an improvement in the efficiency of the productive side of the economy and an increase in the welfare of the economy as a whole, but, as we will show, under some particular circumstances, even when it comes to rational decisions from the point of view of administrators, this can lead to undesirable repercussions on the welfare of consumers. Besides, in a neighborhood of a critical economy, even when these decisions may involve small changes in the distribution of companies, they can cause abrupt and unexpected changes in the behavior of the economy, or in other words, they can cause an economic crisis. These are characterized by large changes in the prices, in the demand, and in the supply of goods. In contrast, in a sufficiently small neighborhood of a regular economy, small changes in the distribution of firms produced by the investment decisions of managers do not lead to large changes in the subsequent behavior of the economy. We will exemplify these statements with several numerical examples.
    A. Aktas, M. Kesgin, E. Cengiz, E. Yenialp eds. The paper is also available at the web site http://ssrn.com

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