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Government policy in a stochastic growth model with elastic labor supply

Turnovsky, Stephen J. - In: Journal of public economic theory 2 (2000) 4, pp. 389-433

Persistent link: https://www.econbiz.de/10001510785

Increasing returns and optimal oscillating labor supply

Dupor, William D.; Lehnert, Andreas - 2002

Persistent link: https://www.econbiz.de/10001671308

Robustness of multiple equilibria in OLG economies

Cazzavillan, Guido; Pintus, Patrick A. - In: Review of economic dynamics 7 (2004) 2, pp. 456-475

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Increasing Returns and Optimal Oscillating Labor Supply

Lehnert, Andreas; Dupor, Bill - 2002

Models featuring increasing returns to scale in at least one factor of production have been used to study two separate phenomena: (1) multiplicity of self-fulfilling rational expectations equilibria (i.e. sunspots), and (2) production schedules that optimally feature bunching. We show in a...

Persistent link: https://www.econbiz.de/10014115272