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微观workshop:Bottlenecks and Economic Growth
发布日期：2023-07-12 12:00 来源：
时间：7月12日（周三）2:00 p.m.-3:30 p.m.
地点：经院403
主讲人：Lawrence Blume (Distinguished Arts and Sciences Professor of Economics and Professor of Information Science at Cornell University)
主持老师：平新乔，梁远宁（经院）
参与老师：胡涛，吴泽南，石凡奇（经院）；汪浩，胡岠（国发院）；翁翕，刘烁（光华）
摘要：Recent history has focussed our attention on the consequences of complex production networks: the supply chain problem. Here we investigate the the short- and long-run consequences of a single shock in constant- returns-to-scale production technologies. All such competitive models have a price turnpike, a single ray of current-value prices to which equilibrium prices will converge even though consumption paths may be much less well-behaved. We bound worst-case rates of convergence to the ray, relate the bounds to properties of the production network topology, and demonstrate that the short-run behavior of competitive price paths can be quite wild far from the long-run steady state.
主讲人介绍：Lawrence Blume is a Distinguished Arts and Sciences Professor of Economics and Professor of Information Science at Cornell University. He received a B.A. in economics from Washington University and a Ph.D. in economics from the University of California, Berkeley. He was one of the general editors of The New Palgrave Dictionary of Economics, 2nd edition, to which he contributed several articles on economic theory. He is also a fellow of the Econometric Society, a visiting research professor at the Institute for Advanced Studies in Vienna (IHS), and has been a member of the external faculty at the Santa Fe Institute, where he served as co-director of the Economics Program and on the Institute's steering committee. He also served as chair of Cornell’s Department of Economics and is currently the Associate Dean for Academic Affairs of the Bowers College of Computing and Information Science at Cornell.
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首页
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微观workshop:Bottlenecks and Economic Growth
发布日期：2023-07-12 12:00 来源：
时间：7月12日（周三）2:00 p.m.-3:30 p.m.
地点：经院403
主讲人：Lawrence Blume (Distinguished Arts and Sciences Professor of Economics and Professor of Information Science at Cornell University)
主持老师：平新乔，梁远宁（经院）
参与老师：胡涛，吴泽南，石凡奇（经院）；汪浩，胡岠（国发院）；翁翕，刘烁（光华）
摘要：Recent history has focussed our attention on the consequences of complex production networks: the supply chain problem. Here we investigate the the short- and long-run consequences of a single shock in constant- returns-to-scale production technologies. All such competitive models have a price turnpike, a single ray of current-value prices to which equilibrium prices will converge even though consumption paths may be much less well-behaved. We bound worst-case rates of convergence to the ray, relate the bounds to properties of the production network topology, and demonstrate that the short-run behavior of competitive price paths can be quite wild far from the long-run steady state.
主讲人介绍：Lawrence Blume is a Distinguished Arts and Sciences Professor of Economics and Professor of Information Science at Cornell University. He received a B.A. in economics from Washington University and a Ph.D. in economics from the University of California, Berkeley. He was one of the general editors of The New Palgrave Dictionary of Economics, 2nd edition, to which he contributed several articles on economic theory. He is also a fellow of the Econometric Society, a visiting research professor at the Institute for Advanced Studies in Vienna (IHS), and has been a member of the external faculty at the Santa Fe Institute, where he served as co-director of the Economics Program and on the Institute's steering committee. He also served as chair of Cornell’s Department of Economics and is currently the Associate Dean for Academic Affairs of the Bowers College of Computing and Information Science at Cornell.
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