Existing models of stochastic network equilibrium route choice in transport networks are able to represent exogenously specified variations in drivers' actual or perceived travel costs, but assume ...

Download PDF More Formats on IMF eLibrary Order a Print Copy Create Citation This paper proposes a network model of multilaterally equilibrium exchange rates. The model introduces a topological ...

The Hardy-Weinberg equilibrium principle describes the unchanging frequency of alleles and genotypes in a stable, idealized population. In this population we assume there is random mating and sexual ...

What explains the central role of the dollar in world trade? Will the US currency retain its dominant status in the future? This paper develops a quantitative general equilibrium framework with ...

Many situations in economics are complicated and competitive. New research raises the question of whether many theories in economics may suffer from the very fundamental problem that the key ...

Our eLibrary offers over 25,000 IMF publications in multiple formats. In this paper, we investigate the mechanisms through which import tariffs impact the macroeconomy in two large scale workhorse ...

Gordon Scott has been an active investor and technical analyst or 20+ years. He is a Chartered Market Technician (CMT). Nash equilibrium is a game theory state where a change in one participant's ...