Indeterminacy of intertemporal equilibria under imperfect competition


Dateien zu dieser Ressource

Prüfsumme: MD5:54feb1f6bbd25f98f0ac2ce5376d8c56

KAAS, Leo, 2001. Indeterminacy of intertemporal equilibria under imperfect competition. In: Economic Theory. 17(2), pp. 307-323

@article{Kaas2001Indet-12207, title={Indeterminacy of intertemporal equilibria under imperfect competition}, year={2001}, number={2}, volume={17}, journal={Economic Theory}, pages={307--323}, author={Kaas, Leo} }

<rdf:RDF xmlns:rdf="" xmlns:bibo="" xmlns:dc="" xmlns:dcterms="" xmlns:xsd="" > <rdf:Description rdf:about=""> <dc:date rdf:datatype="">2011-03-25T09:43:28Z</dc:date> <dc:format>application/pdf</dc:format> <dc:rights>deposit-license</dc:rights> <bibo:uri rdf:resource=""/> <dcterms:bibliographicCitation>First publ. in: Economic Theory 17 (2001), 2, pp. 307-323</dcterms:bibliographicCitation> <dc:contributor>Kaas, Leo</dc:contributor> <dc:language>eng</dc:language> <dcterms:abstract xml:lang="eng">It is known that overlapping generations models with imperfectly competitive firms may exhibit a continuum of stationary equilibria. The reason of this indeterminacy is that different price expectation functions of consumers lead to different objective demand functions against which firms maximize. All these expectation functions fulfill perfect foresight in the equilibrium, but they can be arbitrary off the equilibrium. In this paper it is shown that it is not this arbitrariness which is responsible for the indeterminacy, but that the continuum of stationary equilibria emerges even if expectation functions are rational.</dcterms:abstract> <dcterms:available rdf:datatype="">2011-03-25T09:43:28Z</dcterms:available> <dc:creator>Kaas, Leo</dc:creator> <dcterms:issued>2001</dcterms:issued> <dcterms:rights rdf:resource=""/> <dcterms:title>Indeterminacy of intertemporal equilibria under imperfect competition</dcterms:title> </rdf:Description> </rdf:RDF>

Dateiabrufe seit 01.10.2014 (Informationen über die Zugriffsstatistik)

18.pdf 95

Das Dokument erscheint in:

KOPS Suche


Mein Benutzerkonto