This paper demonstrates that preference structure may play a pivotal role in generating indeterminacy in the stylized … time, indeterminacy may hold even if production technologies satisfy social constant returns. We also examine models with … indeterminacy. It is also shown that nonseparability of utility function is crucial for generating indeterminacy in the quality …

lead to indeterminacy) but also for the intersectional allocation of labor. We analytically show that the long-run effects … of these selective taxes are closely related to the possible emergence of the indeterminacy of equilibria, which may …

externality helps to generate equilibrium indeterminacy together with production externality. Specifically, the existence of … consumption externality reduces the upper and lower bounds of production externality for local indeterminacy, and when the degree … of consumption externality increases, the upper and lower bounds of production externalities for local indeterminacy are …

externality helps to generate equilibrium indeterminacy together with production externality. Specifically, the existence of … consumption externality reduces the upper and lower bounds of production externality for local indeterminacy, and when the degree … of consumption externality increases, the upper and lower bounds of production externalities for local indeterminacy are …