On Non-equilibrium in Some Steady States

Non-equilibrium is shown for a steady state in Grandmont and Younes (1973) and a steady state in McCallum (1984). The reason for non-equilibrium, which is the same in both cases, can be stated as a general proposition.

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Year of publication:	1994-07
Authors:	Encarnacion, Jose Encarnacion, Jr.
Institutions:	School of Economics, University of the Philippines at Diliman

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Series:	UP School of Economics Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	Published as UPSE Discussion Paper No.1994-05, July 1994 Number 199405
Source:	RePEc - Research Papers in Economics

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