Participation Dynamics: Sunspots and Cycles
收藏NBER1990-09-01 更新2025-01-04 收录
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https://www.nber.org/papers/w3438
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This paper investigates the possibility of sunspots equilibria and endogenous cycles in an overlapping generations model with strategic interactions. We consider an economy with imperfectly competitive product markets. There is a participation decision on the part of prospective firms and a
本文探讨了引入策略互动的世代交叠模型(overlapping generations model)中太阳黑子均衡(sunspots equilibria)与内生周期的存在可能性。我们考察了一个存在不完全竞争产品市场的经济体。该经济体中存在潜在企业的参与决策以及
提供机构:
美国国家经济研究局
创建时间:
1990-09-01



