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

Mokyr, Howitt, and Aghion win the Nobel. Mokyr, Aghion, and Howitt receive the Nobel for explaining how each technological ...

This review provides a common framework for researchers thinking about the next generation of micro-founded macro models of growth, inequality, and financial deepening, as well as direction for policy ...

Learn how the Heckscher-Ohlin Model explains international trade and resource allocation, influencing a nation's export strategies based on resource abundance.

The Laureates Mokyr, Aghion, Howitt explain the role of innovation, prescriptive knowledge, creative destruction ...

Mathematics of Operations Research, Vol. 43, No. 1 (February 2018), pp. 100-129 (30 pages) We furnish conditions on the primitives of a Bayesian game that guarantee the existence of a Bayes-Nash ...

The work of the newly minted Nobel laureates lies at the heart of many of the burning debates at present. Should governments ...

After the global financial crisis of 2007-09, economists quickly understood that the world economy would never be the same again. Although it would get past the disaster, it would recover to a “new ...