Multiplicity of Cournot equilibria and involuntary unemployment

DOI10.1006/jeth.1998.2406zbMath0911.90060OpenAlexW2076094003MaRDI QIDQ1268579

Leo Kaas

Publication date: 18 October 1998

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: http://nbn-resolving.de/urn:nbn:de:bsz:352-opus-88515

zbMATH Keywords

overlapping generations modelCournot competitionunemployment equilibriacontinuum of stationary statesperfect foresight trajectories

Mathematics Subject Classification ID

Economic growth models (91B62)

Cites Work

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• Monopolistic equilibrium and involuntary unemployment
• Convergence of least squares learning mechanisms in self-referential linear stochastic models
• The impossibility of involuntary unemployment in an overlapping generations model with rational expectations
• The foundation of the theory of monopolistic competition revisited
• Profit maximization mitigates competition
• Stationary monetary equilibria in overlapping generations models with incomplete markets
• ROBUSTNESS OF ADAPTIVE EXPECTATIONS AS AN EQUILIBRIUM SELECTION DEVICE
• Expectations Formation and Stability of Large Socioeconomic Systems

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