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Your search for "representative agent" over the article keywords returned 16 results.

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1. approximate solutions to dynamic models (linear methods)

This article explains how to obtain an approximate solution to dynamic stochastic discrete-time (DSGE) models by first log-linearizing the relevant equations ...

By Harald Uhlig. From The New Palgrave Dictionary of Economics, Second Edition, 2008

2. transfer problem

A financial transfer of wealth between countries necessitates adjustments in expenditure, production, and relative prices that collectively comprise the ...

By Philip Brock. From The New Palgrave Dictionary of Economics, Second Edition, 2008

3. bequests and the life cycle model

The standard life cycle model emphasizes a household's concerns over events within its lifetime, including providing for its own retirement and for its ...

By John Laitner. From The New Palgrave Dictionary of Economics, Second Edition, 2008

4. consumer surplus

Over the years, consumer surplus has been used to measure the welfare effects of price and income changes. Despite its widespread use, it provides a measure ...

By Daniel T. Slesnick. From The New Palgrave Dictionary of Economics, Second Edition, 2008

5. interacting agents in finance

Interacting agents in finance represent a behavioural, agent-based approach in which financial markets are viewed as complex adaptive systems consisting ...

By Cars Hommes. From The New Palgrave Dictionary of Economics, Second Edition, 2008

6. consumption-based asset pricing models (empirical performance)

Asset pricing is a branch of financial economics that is rich in puzzles and anomalies – that is, stylized empirical facts not easily explained by the ...

By Fatih Guvenen and Hanno Lustig. From The New Palgrave Dictionary of Economics, Second Edition, 2008

7. experimental macroeconomics

Experimental macroeconomics is a sub-field of experimental economics that makes use of controlled laboratory methods to understand aggregate economic ...

By John Duffy. From The New Palgrave Dictionary of Economics, Second Edition, 2008

8. neoclassical growth theory (new perspectives)

The neoclassical growth model captures the basic trade-off between saving and investment. It has proven to be a useful tool to study development paths, ...

By Rodolfo E. Manuelli. From The New Palgrave Dictionary of Economics, Second Edition, 2008

9. growth models, multisector

Multisector growth models have been increasingly used since the 1980s. The duality between growth models and dynamic general equilibrium models renders ...

By W. A. Brock and W. D. Dechert. From The New Palgrave Dictionary of Economics, Second Edition, 2008

10. firm, theory of the

It is doubtful if there is yet general agreement among economists on the subject matter designated by the title ‘theory of the firm’, on, that is, the ...

By G.C. Archibald. From The New Palgrave Dictionary of Economics, Second Edition, 2008