search query: @author Sorger, G. / total: 10
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| Author: | Sorger, G. |
| Title: | On the structure of Ramsey equilibrium: cycles, indeterminancy, and sunspots |
| Journal: | Economic Theory
1994 : VOL. 4:5, p. 745-764 |
| Index terms: | ECONOMIC THEORY EQUILIBRIUM THEORY RESEARCH |
| Language: | eng |
| Abstract: | The author considers a one-sector neoclassical capital accumulation model under borrowing constraints with infinitely-lived heterogeneous households. Under the standard assumptions of strictly concave and time-additive utility functionals and a strictly concave production function he shows that perfect foresight equilibria can be non-unique, and periodic of arbitrary long period p. The model, however, has been already analysed in other papers. |
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