Nakajima, Tomoyuki (contributor); … - 2002 - [Elektronische Ressource]
Section 2, we analyze equilibria
in a monopolistic-competition model with flexible prices. In Section 3, we consider
the case …. Note also that the shock in this model could be purely extrinsic.
If r1(s) and y1(s) are identical for all s, the economy …, which leads to indeterminacy
of degree S, and P0 and „ are undetermined.
It is straightforward to extend the model to T …