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Gerd Weinrich: Economic Theory in the Service of Policy Design

Author

Listed:
  • Luca V.A. Colombo

    (Department of Economics and Finance - Università Cattolica del S. Cuore, Milano)

  • Maurizio Motolese

    (Department of Economics and Finance - Università Cattolica del S. Cuore, Milano)

  • Michele Longo

    (Department of Mathematics for Economic, Financial and Actuarial Sciences - Università Cattolica del S. Cuore, Milano)

  • Carsten K. Nielsen

    (Department of Economics and Finance - Università Cattolica del S. Cuore, Milano)

Abstract

This article reviews Gerd Weinrich’s contributions to a wide variety of areas in economics. They include: foundational concepts about non-Walrasian equilibria with stochastic rationing; original models of non-walrasian macroeconomics; contributions to monetary economics, economic growth and banking regulation; studies of financial decisions under risk aversion, firms’ behavior, asymmetric information and externalities.

Suggested Citation

  • Luca V.A. Colombo & Maurizio Motolese & Michele Longo & Carsten K. Nielsen, 2023. "Gerd Weinrich: Economic Theory in the Service of Policy Design," Rivista Internazionale di Scienze Sociali, Vita e Pensiero, Pubblicazioni dell'Universita' Cattolica del Sacro Cuore, vol. 131(1), pages 5-17.
  • Handle: RePEc:vep:journl:y:2023:v:131:i:1:p:5-17
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    More about this item

    Keywords

    Non-Walrasian economics; stochastic rationing; regulations of banks; risk aversion; asymmetric information; externalities;
    All these keywords.

    JEL classification:

    • D4 - Microeconomics - - Market Structure, Pricing, and Design
    • D45 - Microeconomics - - Market Structure, Pricing, and Design - - - Rationing; Licensing
    • D50 - Microeconomics - - General Equilibrium and Disequilibrium - - - General
    • D62 - Microeconomics - - Welfare Economics - - - Externalities
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • E3 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • G51 - Financial Economics - - Household Finance - - - Household Savings, Borrowing, Debt, and Wealth

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