haku: @indexterm EQUILIBRIUM THEORY / yhteensä: 340
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| Tekijä: | Sorger, G. |
| Otsikko: | On the structure of Ramsey equilibrium: cycles, indeterminancy, and sunspots |
| Lehti: | Economic Theory
1994 : VOL. 4:5, p. 745-764 |
| Asiasana: | ECONOMIC THEORY EQUILIBRIUM THEORY RESEARCH |
| Kieli: | eng |
| Tiivistelmä: | 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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