Ghiglino, Christian; Olszak-Duquenne, Marielle - Institut d'Economie et Econométrie, Université de Genève - 2004
Some recent research indicates that the occurrence of indeterminacy in mod- els with externalities may be overstated … that the sign of the effect of inequality on indeterminacy is not pinned down by the standard properties of preferences …) tends to neutralize the external effects and eliminate indeterminacy. …