Growth, externalities, and sunspots

DOI10.1016/0022-0531(91)90115-KzbMath0741.90011OpenAlexW1986544974MaRDI QIDQ1178822

Stephan E. Spear

Publication date: 26 June 1992

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0022-0531(91)90115-k

zbMATH Keywords

sunspot equilibriaproduction externalitiesneo-classical capital accumulation

Mathematics Subject Classification ID

Economic growth models (91B62) General equilibrium theory (91B50)

Related Items (9)

On the structure of Ramsey equilibrium: Cycles, indeterminacy, and sunspots ⋮ The love for children hypothesis and the multiplicity of fertility rates ⋮ A Model of Partnership Formation with Friction and Multiple Criteria ⋮ Indeterminacy, sunspots, and development traps ⋮ Income effects and indeterminacy in a calibrated one-sector growth model ⋮ Comparing recursive equilibrium in economies with dynamic complementarities and indeterminacy ⋮ Chaotic dynamics in quasi-static systems: Theory and applications ⋮ Uniqueness of an equilibrium in infinite-horizon economies subject to taxes and externalities ⋮ Indeterminate growth paths and stability.

Cites Work

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• Determinacy of equilibria in dynamic models with finitely many consumers
• Indeterminacy of stationary equilibrium in stochastic overlapping generations models
• Stationary sunspot equilibria in a finance constrained economy
• On the existence of sunspot equilibria in an overlapping generations model
• Determinacy of equilibrium in stationary economies with both finite and infinite lived consumers
• Sunspot equilibria and incomplete financial markets

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