Local sunspot equilibria reconsidered

DOI10.1007/S00199-006-0108-4MaRDI QIDQ878402zbMATH OpenOpenAlexFDO

Authors Julio Dávila, Piero Gottardi, Atsushi Kajii

Publication date 26 April 2007

Published in Economic Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/s00199-006-0108-4

zbMATH Keywords

Overlapping generationsIndeterminacy

Mathematics Subject Classification ID

Special types of economic equilibria (91B52) Special types of economic markets (including Cournot, Bertrand) (91B54)

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Cites work

• scientific article; zbMATH DE number 1154011 (Why is no real title available?)
• Individual excess demands.
• Self-fulfilling prophecies
• Stabilizing competitive business cycles
• Stationary sunspot equilibria in an N commodity world
• Sunspot Fluctuations Around a Steady State: The Case of Multidimensional One-Step Forward Looking Economic Models
• Sunspots and Cycles
• The Structure of Sunspot Equilibria: The Role of Multiplicity
• Uniqueness, Stability, and Comparative Statics in Rationalizable Walrasian Markets

Cited in

(8)

• Dynamic determinacy and the existence of sunspot equilibria
• Indeterminacy, sunspots, and development traps
• Habit formation and indeterminacy in overlapping generations models
• Real indeterminacy of equilibria in a sunspot economy with inside money
• Outstanding problems in local helioseismology
• A sunspot paradox
• Eliminating sunspot effects in overlapping generations models
• Local externalities, convex adjustment costs, and sunspot equilibria

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