Titlebook: Business Cycle Models with Indeterminacy; Mark Weder Book 1998 Physica-Verlag Heidelberg 1998 Konjunkturzyklen.Makro?konomik.allgemeine Gl

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書目名稱Business Cycle Models with Indeterminacy網(wǎng)絡(luò)公開度




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整潔漂亮

Indeterminacy, Business Cycles and Modest Increasing Returns to Scale,s a theoretical curiosity outside the scope of equilibrium models. Yet, as recent developments in economic theory evince, the presence of a multiplicity of equilibria may not be fully unrealistic. Small departures from the world of Arrow-Debreu may yield very complex consequences. According to Azariadis

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violate

Book 1998 of dynamic general equilibrium theory. Market power and increasing returns to scale are introduced which allow indeterminancy of the Rational Expectations equilibria to be obtained. Unlike the majority of existing literature on this subject, the departures from perfect markets and constant returns

嚴重傷害

Tracking Calmodulin Inside Cellsin a general equilibrium setting has become almost commonplace. . theory, for example, is a transformation of the domain associated with standard Arrow-Debreu economies into a “fully articulated, artificial” dynamic environment [Lucas, 1980, 696].

說不出

Measuring Ca2+ Extrusion from Single Cellsy agents. This can generally only be defended by some form of irrationality on behalf of these agents. In equilibrium models all gains from trade are exploited, yet, except for some simple versions, the outcome may still be inefficient.

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