Indeterminacy and Endogenous Fluctuations with Arbitrarily Small Externalities

In this paper we study the occurrence of local indeterminacy, endogenous fluctuations, and bifurcations in a simple non-monetary 2-period overlapping generations economy (in which people do not consume when young) with capital-labor substitution, elastic labor supply, and productive externalities. W...

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Veröffentlicht in:	Journal of economic theory 2001-11, Vol.101 (1), p.133-157
1. Verfasser:	Cazzavillan, Guido
Format:	Artikel
Sprache:	eng
Schlagworte:	Economic theory Elasticity Labor supply Studies
Online-Zugang:	Volltext
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