Work

Indeterminacy Under Constant Returns to Scale in Multisector Economies

Year: 2011

Type: book-chapter

Abstract: Recently there has been a renewed interest in indeterminacy, or alternatively put, in the existence of a continuum of equilibria in dynamic economies that exhibit some market imperfections. One of the primary concerns of this literature has been the empirical plausibility of indeterminacy, which arises in markets with external effects or with monopolistic competition, often coupled with some degree 10 of increasing returns.

Source: Springer eBooks

DOI: 10.1007/978-3-642-22397-6_16

Authors: Jess Benhabib, Qinglai Meng, Kazuo Nishimura

Institutions: New York University, Oregon State University, Kyoto University, Kyoto Institute of Economic Research, Kyoto University

Language: English

Topic: Economic theories and models

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: hybrid

OpenAlex ID: W2074577384

FWCI: 34.8

Cites: 16

Cited by: 136

Related to: 10