Endogenous fluctuations in two-sector models: role of preferences

DOI10.1007/S10957-006-9025-8MaRDI QIDQ850925zbMATH OpenOpenAlexFDO

Authors N. E. Zubov

Publication date 7 November 2006

Published in Journal of Optimization Theory and Applications (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/s10957-006-9025-8

zbMATH Keywords

elasticity of capital-labor substitutionelasticity of intertemporal substitution in consumptionlocal indeterminacyperiodic cyclesSector specific externalities

Mathematics Subject Classification ID

Individual preferences (91B08) Economic growth models (91B62) Multisectoral models in economics (91B66)

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Cites work

• Capital Depreciation, Factor Substitutability and Indeterminacy
• Competitive equilibrium cycles
• Discounting and long-run behavior: Global bifurcation analysis of a family of dynamical systems
• Growth and Indeterminancy in Dynamic Models with Externalities
• Indeterminacy and cycles in two-sector discrete-time model
• Indeterminacy and increasing returns
• Indeterminacy and sunspots with constant returns
• On the indeterminacy of capital accumulation paths

Cited in

(9)

• Indeterminacy in discrete-time infinite-horizon models with non-linear utility and endogenous labor
• TASTE FOR VARIETY AND ENDOGENOUS FLUCTUATIONS IN A MONOPOLISTIC COMPETITION MODEL
• ENDOGENOUS FLUCTUATIONS OF ACTUAL PRICES NEAR NATURAL ONES IN A CLASSICAL GROWTH MODEL
• Factors substitutability, heterogeneity and endogenous fluctuations in a finance constrained economy
• Non‐separable utilities and aggregate instability
• Multiple equilibria in two-sector monetary economies: an interplay between preferences and the timing for money
• Can heterogeneous preferences stabilize endogenous fluctuations?
• Indeterminacy and expectation-driven fluctuations with non-separable preferences
• Wealth inequality, preference heterogeneity and macroeconomic volatility in two-sector economies

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