Can heterogeneous preferences stabilize endogenous fluctuations?

DOI10.1016/J.JEDC.2007.03.002zbMATH Open1181.91224OpenAlexW2051022913MaRDI QIDQ844602FDOQ844602

Authors Stefano Bosi, Thomas Seegmuller

Publication date 19 January 2010

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL https://halshs.archives-ouvertes.fr/halshs-00266713/file/olg21.pdf

zbMATH Keywords

overlapping generationsendogenous fluctuationsheterogeneous preferencesmean-preserving dispersion

Mathematics Subject Classification ID

Consumer behavior, demand theory (91B42) Economic dynamics (91B55) Heterogeneous agent models (91B69)

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Cites work

• A characterization of Ramsey equilibrium
• A cross-country empirical investigation of the aggregate production function specification
• Capital externalities in OLG economies
• Capital-labor substitution and competitive nonlinear endogenous business cycles
• Endowments, stability, and fluctuations in OG models
• Indeterminacy in dynamic models: when Diamond meets Ramsey
• Inequalities and fluctuations in a dynamic general equilibrium model.
• Multiple steady states and endogenous fluctuations with increasing returns to scale in production
• On the structure of Ramsey equilibrium: Cycles, indeterminacy, and sunspots
• Poverty traps, indeterminacy, and the wealth distribution
• Stationary sunspot equilibria in a finance constrained economy
• The local bifurcation of Ramsey equilibrium
• Wealth inequality and dynamic stability
• Wealth inequality, preference heterogeneity and macroeconomic volatility in two-sector economies

Cited in

(6)

• Is a wider choice conducive to stability?
• Do complementary factors lead to economic fluctuations?
• Endogenous fluctuations in two-sector models: role of preferences
• Spatial externality and indeterminacy
• Hopf bifurcation and stability crossing curves in a cobweb model with heterogeneous producers and time delays
• Wealth inequality, preference heterogeneity and macroeconomic volatility in two-sector economies

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