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Indeterminacy with almost constant returns to scale: capital-labor substitution matters
Pintus, Patrick - In: Economic Theory 28 (2006) 3, pp. 633-649
This paper shows, in the benchmark one-sector Ramsey model, that indeterminacy and sunspots may occur when … externalities are small, provided that capital and labor are more substitutable than in the usual Cobb-Douglas specification. Key to … the results are the general formulations of both preferences and technology that we consider. In particular, indeterminacy …
Persistent link: https://www.econbiz.de/10005596695
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Sunspot fluctuations in two-sector models : new results with additively separable preferences
Dufourt, Frédéric; Nishimura, Kazuo; Venditti, Alain - In: International journal of economic theory 12 (2016) 1, pp. 67-83
Persistent link: https://www.econbiz.de/10011441025
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Indeterminacy and sunspots in two-sector RBC models with generalized no-income-effect preferences
Dufourt, Frédéric; Nishimura, Kazuo; Venditti, Alain - In: Journal of economic theory 157 (2015), pp. 1056-1080
Persistent link: https://www.econbiz.de/10011525435
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On sunspot fluctuations in variable capacity utilization models
Dufourt, Frédéric; Venditti, Alain; Vivès, Rémi - In: Journal of mathematical economics 76 (2018), pp. 80-94
Persistent link: https://www.econbiz.de/10012105399
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Indeterminacy and Sunspot Fluctuations in Two-Sector RBC models: Theory and Calibration
Dufourt, Frédéric; Nishimura, Kazuo; Venditti, Alain - HAL - 2013
indeterminacy occurs through flip and Hopf bifurcations for a large set of values of the elasticity of intertemporal substitution in … indeterminacy occurs through flip and Hopf bifurcations for any value of the elasticity of the labor supply, and can even be …
Persistent link: https://www.econbiz.de/10010933924
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Indeterminacy and sunspots in two-sector RBC models with generalized no-income-effect preferences
Dufourt, Frédéric; Nishimura, Kazuo; Venditti, Alain - In: Journal of Economic Theory 157 (2015) C, pp. 1056-1080
function of various structural parameters. We show that local indeterminacy occurs through flip and Hopf bifurcations for a …
Persistent link: https://www.econbiz.de/10011263592
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Indeterminacy and Sunspot Fluctuations in Two-Sector RBC models: Theory and Calibration
Dufourt, Frédéric; Nishimura, Kazuo; Venditti, Alain - 2013
indeterminacy occurs through flip and Hopf bifurcations for a large set of values of the elasticity of intertemporal substitution in … indeterminacy occurs through flip and Hopf bifurcations for any value of the elasticity of the labor supply, and can even be …
Persistent link: https://www.econbiz.de/10010900227
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Indeterminacy and Sector-Specific Externalities
Benhabib, Jess; Farmer, Roger E.A. - C.V. Starr Center for Applied Economics, Department of … - 1996
Persistent link: https://www.econbiz.de/10005168651
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Indeterminacy and sunspot fluctuations in two-sector RBC models: theory and calibration
Dufourt, Frederic; Nishimura, Kazuo; Venditti, Alain - HAL - 2013
indeterminacy occurs through flip and Hopf bifurcations for a large set of values of the elasticity of intertemporal substitution in … indeterminacy occurs through flip and Hopf bifurcations for any value of the elasticity of the labor supply, and can even be …
Persistent link: https://www.econbiz.de/10010821423
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Indeterminacy and Sunspots in Two-Sector RBC Models with Generalized No-Income-Effect Preferences
Dufourt, Frédéric; Nishimura, Kazuo; Venditti, Alain - 2015
function of various structural parameters. We show that local indeterminacy occurs through flip and Hopf bifurcations for a …
Persistent link: https://www.econbiz.de/10011201567