Admiration is a source of multiple equilibria and indeterminacy: a comment on Chen and Hsu

DOI10.1016/J.ECONLET.2018.04.018MaRDI QIDQ1787627zbMATH OpenOpenAlexWikidataFDO

Authors Yukio Karasawa-Ohtashiro, Dapeng Cai, Akihiko Yanase

Publication date 5 October 2018

Published in Economics Letters (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.econlet.2018.04.018

zbMATH Keywords

indeterminacyneoclassical growth modelconsumption externalitymultiple steady state

Mathematics Subject Classification ID

Economic growth models (91B62)

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Cites work

• Admiration is a source of indeterminacy
• Growth and business cycles with equilibrium indeterminacy
• Optimal growth with decreasing marginal impatience

Cited in

(1)

• Endogenous time preference, consumption externalities, and trade: multiple steady states and indeterminacy

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