Stability of Equilibria with Externalities
From MaRDI portal
Publication:3780714
DOI10.2307/1885112zbMath0639.90020OpenAlexW2064679560MaRDI QIDQ3780714
Peter Howitt, R. Preston McAfee
Publication date: 1988
Published in: The Quarterly Journal of Economics (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.2307/1885112
stationary equilibriaperfect foresight trajectorieslocally stable to perturbationsmultiple externalitiesscale diseconomies
Related Items (16)
Macroeconomic fluctuations and bargaining ⋮ Indeterminacy in incomplete market economies ⋮ On characterizing equilibria of economies with externalities and taxes as solutions to optimization problems ⋮ Public capital and patterns of growth in the presence of threshold externalities ⋮ Self-fulfilling expectations, history, and big push: A search equilibrium model of unemployment ⋮ Rich nations, poor nations: How much can multiple equilibria explain? ⋮ Nominal price stickiness as a rational expectations equilibrium ⋮ Informal job search through social networks and vacancy creation ⋮ A note on the stability of endogenous cycles in Diamond's model of search and barter ⋮ Long gestation in an overlapping generations economy: Endogeneous cycles and indeterminacy of equilibria ⋮ Indeterminacy in a small open economy Ramsey growth model ⋮ PERSISTENCE AND VOLATILITY OF BEVERIDGE CYCLES ⋮ Indeterminacy and endogenous fluctuations with arbitrarily small externalities ⋮ Efficiency of thin and thick markets ⋮ Indeterminacy and stabilization policy ⋮ Threshold externalities and cyclical growth in a stylized model of capital accumulation
This page was built for publication: Stability of Equilibria with Externalities