Indeterminacy with non-separable utility

Article Abstract:

A single-sector growth model is examined with increasing returns-to-scale, and non-separable preferences in leisure and consumption. Equilibria can be indeterminate and this is also true with standard slopes for supply and demand curves.

Economic research, Supply and demand

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Determinacy of equilibrium in an overlapping generations model with heterogeneous agents

Article Abstract:

Economic equilibrium is used as a tool in examining the impact of altruismm in a model with overlapping generations.

Altruism, Altruism (Human behavior)

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Chaotic learning equilibria

Article Abstract:

Learning is found to be a source in itself of chaotic dynamic in a model examining chaotic equilibrium trajectories.

Learning

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