摘要翻译:
我们证明了与生产网络相关的一系列模型中的竞争均衡可以恢复为动态规划的解。虽然这些程序不能压缩,但我们证明它们是可处理的。作为例证,我们讨论了科斯的企业理论、有交易费用的生产链的均衡和有多个合作伙伴的生产网络的均衡。然后,我们展示了同样的技术如何扩展到其他均衡和决策问题,如企业内部管理层的分布和城市的空间分布。
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英文标题:
《Coase Meets Bellman: Dynamic Programming for Production Networks》
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作者:
Tomoo Kikuchi, Kazuo Nishimura, John Stachurski, Junnan Zhang
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最新提交年份:
2021
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分类信息:
一级分类:Economics 经济学
二级分类:General Economics 一般经济学
分类描述:General methodological, applied, and empirical contributions to economics.
对经济学的一般方法、应用和经验贡献。
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一级分类:Quantitative Finance 数量金融学
二级分类:Economics 经济学
分类描述:q-fin.EC is an alias for econ.GN. Economics, including micro and macro economics, international economics, theory of the firm, labor economics, and other economic topics outside finance
q-fin.ec是econ.gn的别名。经济学,包括微观和宏观经济学、国际经济学、企业理论、劳动经济学和其他金融以外的经济专题
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英文摘要:
We show that competitive equilibria in a range of models related to production networks can be recovered as solutions to dynamic programs. Although these programs fail to be contractive, we prove that they are tractable. As an illustration, we treat Coase's theory of the firm, equilibria in production chains with transaction costs, and equilibria in production networks with multiple partners. We then show how the same techniques extend to other equilibrium and decision problems, such as the distribution of management layers within firms and the spatial distribution of cities.
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PDF链接:
https://arxiv.org/pdf/1908.10557