Search results for " equilibrium."
showing 10 items of 518 documents
Konstruktion eines vollautomatischen präzisionschromatographen auf der basis der phasendistributionschromatographie (PDC)
1979
The design of a fully automatized chromatograph based on Phase Distribution Chromatography (PDC) is presented and some of the most important results of the measurements shown. PDC represents a dynamical phase separation as column method: the separation of the polymer components in a PDC-column is based on thermodynamic-kinetical interactions of the mobile phase (the polymer to be analyzed) below the theta temperature of the system by a gel of the same high polymer situated on the surface of small glass beads. The sigmoidal shape of the measured PDC calibration curves can be explained by introducing a dynamical flow-equilibrium in the system sol/gel which highly differs from the thermodynami…
Isobaric Vapor−Liquid Equilibrium of Binary Mixtures of 1-Butanol + Chlorobenzene and 2-Butanol + Chlorobenzene at 20 and 100 kPa
1997
Isobaric vapor−liquid equilibria were obtained for 1-butanol + chlorobenzene and for 2-butanol + chlorobenzene systems at 20 and 100 kPa using a dynamic still. The experimental error in temperature was ±0.1 K, in pressure ±0.01 kPa and ±0.1 kPa for the experiments carried out at 20 and 100 kPa, respectively, and in liquid and vapor composition ±0.001. The two systems satisfy the point-to-point thermodynamic consistency test. Both systems show a positive deviation from ideality. The data were correlated with the Wilson equation.
Banking Competition, Housing Prices and Macroeconomic Stability
2012
We develop a dynamic general equilibrium model with an imperfectly competitive bank-loans market and collateral constraints that tie investors credit capacity to the value of their real estate holdings. Banks set optimal lending rates taking into account the effects of their price policies on their market share and on the volume of funds demanded by each customer. Lending margins have a significant effect on aggregate variables. Over the long run, fostering banking competition increases total consumption and output by triggering a reallocation of available collateral towards investors. However, as regards the short-run dynamics, we find that most macroeconomic variables are more responsive …
The Impact of Trade Liberalisation on Water Use: A Computable General Equilibrium Analysis
2008
Water is scarce in many countries. One instrument to improve the allocation of a scarce resource is (efficient) pricing or taxation. However, water is implicitly traded on international markets, particularly through food and textiles, so that impacts of water taxes cannot be studied in isolation, but require an analysis of international trade implications. We include water as a production factor in a multi-region, multi-sector computable general equilibrium model (GTAP), to assess a series of water tax policies. We find that water taxes reduce water use, and lead to shifts in production, consumption, and international trade patterns. Countries that do not levy water taxes are nonetheless af…
The Economic Impact of Water Taxes: A Computable General Equilibrium Analysis with an International Data Set
2006
Water is scarce in many countries. One instrument to improve the allocation of a scarce resource is (efficient) pricing or taxation. However, water is implicitly traded on international markets, particularly through food and textiles, so that impacts of water taxes cannot be studied in isolation, but require an analysis of international trade implications. We include water as a production factor in a multi-region, multi-sector computable general equilibrium model (GTAP), to assess a series of water tax policies. We find that water taxes reduce water use, and lead to shifts in production, consumption, and international trade patterns. Countries that do not levy water taxes are nonetheless af…
A Game Theory Approach and Tariff Strategy for Demand Side Management
2018
Demand side management in smart grid environment with smart meters, renewable energy sources, different kind of consumers etc. is a complex problem. To optimize the problem game theory methodology is used. Game theory approach provide win-win situation between consumers and utilities. Objective of the paper is to find the Nash equilibrium between consumer and utility when utility is supplied through green energy sources. Mathematical modeling of consumption and utilization derived a Nash equilibrium point where consumer and utility both get maximum payoffs. Results shows that energy consumption cost is reduce by applying game theory approach.
Search, Nash bargaining and rule-of-thumb consumers
2011
Abstract This paper analyses the effects of introducing two typical Keynesian features, namely rule-of-thumb (RoT) consumers and consumption habits, into a standard labour market search model. RoT consumers use the margin that hours and wage negotiation provides them to improve their lifetime utility, by narrowing the gap in utility with respect to Ricardian consumers. This margin for intertemporal optimisation has not been studied yet, because this class of restricted agents has been mainly used in models with no equilibrium unemployment. Our approach allows for a deeper study of the effects of shocks on vacancies, unemployment, hours, wages and how they interact. As habits increase, RoT c…
Money in an Estimated Business Cycle Model of the Euro Area
2006
We present maximum likelihood estimates of a small scale dynamic general equilibrium model for the Eurozone. We pay special attention to the role of money, both through its direct effect upon private agents’ decisions and as a component of the monetary policy rule. Our results can be summarized as follows. First, we find no direct effect of money upon inflation and output but money growth plays a significant role in the interest rate rule. Second, money demand shocks mainly help to forecast real balances while real shocks explain the bulk of price, output and interest rates fluctuations. Third, the estimated model predicts sensible conditional correlations among those variables both to dema…
Household Leverage and Fiscal Multipliers
2011
We study the size of fiscal multipliers in response to a government spending shock under different household leverage conditions in a general equilibrium setting with search and matching frictions. We allow for different levels of household indebtedness by changing the intensive margin of borrowing (loan-to-value ratio), as well as the extensive margin, defined as the number of borrowers over total population. The interaction between the consumption decisions of agents with limited access to credit and the process of wage bargaining and vacancy posting delivers two main results: (a) higher initial leverage makes it more likely to find output multipliers higher than one; and (b) a positive g…
Approximations of Parabolic Equations at the Vicinity of Hyperbolic Equilibrium Point
2014
This article is devoted to the numerical analysis of the abstract semilinear parabolic problem u′(t) = Au(t) + f(u(t)), u(0) = u 0, in a Banach space E. We are developing a general approach to establish a discrete dichotomy in a very general setting and prove shadowing theorems that compare solutions of the continuous problem with those of discrete approximations in space and time. In [3] the discretization in space was constructed under the assumption of compactness of the resolvent. It is a well-known fact (see [10, 11]) that the phase space in the neighborhood of the hyperbolic equilibrium can be split in a such way that the original initial value problem is reduced to initial value prob…