A geometric view of welfare gains with non-instantaneous adjustment

DOI10.1016/0165-4896(87)90052-7zbMath0613.90010OpenAlexW2055221387MaRDI QIDQ1819687

John Komlos, Peter Salamon, Bjarne Andresen, James D. Nulton

Publication date: 1987

Published in: Mathematical Social Sciences (Search for Journal in Brave)

Full work available at URL: http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.529.8825

zbMATH Keywords

Cobb-Douglas utility functionadjustmentsdiscrete or continuous shocksdistance between equilibrium statesgeometric economicsintegrated welfare loss

Mathematics Subject Classification ID

Economic growth models (91B62)

Related Items (6)

Metrics and energy landscapes in irreversible thermodynamics ⋮ Metric bounds on losses in adaptive coding ⋮ Maximum profit configurations of commercial engines ⋮ Optimality in multi-stage operations with asymptotically vanishing cost ⋮ Analytic constant thermodynamic speed-cooling strategies in simulated annealing ⋮ Thermodynamic laws, economic methods and the productive power of energy

Cites Work

• Metric bounds on losses in adaptive coding
• Exact welfare measures and economic index numbers
• The Distance Function in Consumer Behaviour with Applications to Index Numbers and Optimal Taxation
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