Endogenous strategic business cycles

DOI10.1006/JETH.1997.2380MaRDI QIDQ1268586zbMATH OpenOpenAlexFDO

Authors Aditya Goenka, David L. Kelly, Stephen Spear

Publication date 18 October 1998

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

Copyright license Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International

Full work available at URL https://semanticscholar.org/paper/cde57fc7c95257569c8010c54ba1d6119a3ce80b

zbMATH Keywords

business cyclesequilibrium trajectoriesexistence of equilibrianonlinearitiesoverlapping generationsShapley-Shubik market game

Mathematics Subject Classification ID

Economic growth models (91B62)

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Cites work

• Approximate Efficiency of Non-Walrasian Nash Equilibria
• Convergence of least squares learning mechanisms in self-referential linear stochastic models
• Correlated equilibrium and sunspot equilibrium
• Existence of competitive equilibrium in a general overlapping-generations model
• scientific article; zbMATH DE number 3866998 (Why is no real title available?)
• Indeterminacy and increasing returns
• Indeterminacy of stationary equilibrium in stochastic overlapping generations models
• Learning to Believe in Sunspots
• Market Uncertainty: Correlated and Sunspot Equilibria in Imperfectly Competitive Economies
• Monopolistic competition, business cycles, and the composition of aggregate demand
• Nonlinear oscillations, dynamical systems, and bifurcations of vector fields
• On Endogenous Competitive Business Cycles
• Period Three Implies Chaos
• Rational expectations in the overlapping generations model
• Self-fulfilling prophecies
• The market game: Existence and structure of equilibrium
• The overlapping-generations model. I: The case of pure exchange without money

Cited in

(20)

• Comparative statics in a simple class of strategic market games
• Stabilizing competitive business cycles
• Complicated endogenous business cycles under gross substitutability
• Retrading in market games.
• Indeterminacy and history dependence of strategically interacting players
• Dynamics of mergers, bifurcation and chaos: A new framework
• Large market games, the law of one price, and market structure
• Large market games with demand uncertainty.
• Informed trading and the `leakage' of information
• Dynamic production teams with strategic behavior
• Arbitrage equilibria in large games with many commodities
• Sunspots, correlation and competition
• Sunspot-like equilibria in an overlapping generations economy with strategic interactions
• Infectious diseases and endogenous fluctuations
• ENDOGENOUS GROWTH AND ENDOGENOUS BUSINESS CYCLES
• Trade fragmentation and coordination in strategic market games
• Refinement of dynamic equilibrium using small random perturbations
• Comparative advantage with many goods: new treatment and results
• Strategic market games with cyclic endowments
• The rich are not like you and me: income, price dispersion, and consumption

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