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Admiration is a source of multiple equilibria and indeterminacy: a comment on Chen and Hsu

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Publication:1787627
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DOI10.1016/J.ECONLET.2018.04.018zbMath1397.91405OpenAlexW2800568549WikidataQ129899016 ScholiaQ129899016MaRDI QIDQ1787627

Yukio Karasawa-Ohtashiro, Dapeng Cai, Akihiko Yanase

Publication date: 5 October 2018

Published in: Economics Letters (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.econlet.2018.04.018


zbMATH Keywords

indeterminacyneoclassical growth modelconsumption externalitymultiple steady state


Mathematics Subject Classification ID

Economic growth models (91B62)


Related Items (1)

Endogenous time preference, consumption externalities, and trade: multiple steady states and indeterminacy




Cites Work

  • Optimal growth with decreasing marginal impatience
  • Admiration is a source of indeterminacy
  • Growth and Business Cycles with Equilibrium Indeterminacy




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