Matches in SemOpenAlex for { <https://semopenalex.org/work/W2171196139> ?p ?o ?g. }
Showing items 1 to 81 of
81
with 100 items per page.
- W2171196139 abstract "The standard Walrasian equilibrium theory requires that the marginal value product of production factor such as labor is equal across firms and industries. However, productivity dispersion is widely observed in the real economy. Search theory allegedly fills this gap by encompassing apparent disequilibrium phenomena in the neoclassical equilibrium framework. Taking up Lucas and Prescott (1974) as a primary example, we show that the neoclassical search theory cannot explain the observed pattern of productivity dispersion. Non-self-averaging, a concept little known to economists, plays the major role. Empirical observation suggests strongly the presence of disturbing forces which dominate equilibrating forces due to optimizing behavior of economic agents. We must seek a new concept of equilibrium different from the standard Walrasian equilibrium in macroeconomics." @default.
- W2171196139 created "2016-06-24" @default.
- W2171196139 creator A5010315281 @default.
- W2171196139 creator A5034413775 @default.
- W2171196139 date "2008-01-01" @default.
- W2171196139 modified "2023-09-23" @default.
- W2171196139 title "The Nature of Equilibrium in Macroeconomics: A Critique of Equilibrium Search Theory" @default.
- W2171196139 cites W1531897854 @default.
- W2171196139 cites W1574015943 @default.
- W2171196139 cites W1575761932 @default.
- W2171196139 cites W1967318355 @default.
- W2171196139 cites W1971675583 @default.
- W2171196139 cites W2001683382 @default.
- W2171196139 cites W2013860961 @default.
- W2171196139 cites W2045226782 @default.
- W2171196139 cites W2052054968 @default.
- W2171196139 cites W2061044658 @default.
- W2171196139 cites W2095169544 @default.
- W2171196139 cites W2119383943 @default.
- W2171196139 cites W2136172577 @default.
- W2171196139 cites W2146207816 @default.
- W2171196139 cites W2167728196 @default.
- W2171196139 cites W2326890393 @default.
- W2171196139 cites W2501229666 @default.
- W2171196139 cites W2766214425 @default.
- W2171196139 cites W3022050436 @default.
- W2171196139 doi "https://doi.org/10.2139/ssrn.1726693" @default.
- W2171196139 hasPublicationYear "2008" @default.
- W2171196139 type Work @default.
- W2171196139 sameAs 2171196139 @default.
- W2171196139 citedByCount "1" @default.
- W2171196139 crossrefType "journal-article" @default.
- W2171196139 hasAuthorship W2171196139A5010315281 @default.
- W2171196139 hasAuthorship W2171196139A5034413775 @default.
- W2171196139 hasBestOaLocation W21711961392 @default.
- W2171196139 hasConcept C103382277 @default.
- W2171196139 hasConcept C111472728 @default.
- W2171196139 hasConcept C112976587 @default.
- W2171196139 hasConcept C133425853 @default.
- W2171196139 hasConcept C138885662 @default.
- W2171196139 hasConcept C139719470 @default.
- W2171196139 hasConcept C144237770 @default.
- W2171196139 hasConcept C162324750 @default.
- W2171196139 hasConcept C164407509 @default.
- W2171196139 hasConcept C165556158 @default.
- W2171196139 hasConcept C177142836 @default.
- W2171196139 hasConcept C201364048 @default.
- W2171196139 hasConcept C202556891 @default.
- W2171196139 hasConceptScore W2171196139C103382277 @default.
- W2171196139 hasConceptScore W2171196139C111472728 @default.
- W2171196139 hasConceptScore W2171196139C112976587 @default.
- W2171196139 hasConceptScore W2171196139C133425853 @default.
- W2171196139 hasConceptScore W2171196139C138885662 @default.
- W2171196139 hasConceptScore W2171196139C139719470 @default.
- W2171196139 hasConceptScore W2171196139C144237770 @default.
- W2171196139 hasConceptScore W2171196139C162324750 @default.
- W2171196139 hasConceptScore W2171196139C164407509 @default.
- W2171196139 hasConceptScore W2171196139C165556158 @default.
- W2171196139 hasConceptScore W2171196139C177142836 @default.
- W2171196139 hasConceptScore W2171196139C201364048 @default.
- W2171196139 hasConceptScore W2171196139C202556891 @default.
- W2171196139 hasLocation W21711961391 @default.
- W2171196139 hasLocation W21711961392 @default.
- W2171196139 hasLocation W21711961393 @default.
- W2171196139 hasLocation W21711961394 @default.
- W2171196139 hasOpenAccess W2171196139 @default.
- W2171196139 hasPrimaryLocation W21711961391 @default.
- W2171196139 hasRelatedWork W1747949002 @default.
- W2171196139 hasRelatedWork W1832993452 @default.
- W2171196139 hasRelatedWork W2079816579 @default.
- W2171196139 hasRelatedWork W2775903500 @default.
- W2171196139 hasRelatedWork W3122713166 @default.
- W2171196139 hasRelatedWork W3139793263 @default.
- W2171196139 hasRelatedWork W3192522783 @default.
- W2171196139 hasRelatedWork W3215039732 @default.
- W2171196139 hasRelatedWork W4312586469 @default.
- W2171196139 hasRelatedWork W633199305 @default.
- W2171196139 isParatext "false" @default.
- W2171196139 isRetracted "false" @default.
- W2171196139 magId "2171196139" @default.
- W2171196139 workType "article" @default.