Increasing Returns, Durables and Economic Fluctuations
收藏NBER1989-06-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w3014
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资源简介：
We describe an economy where a durable good is produced with an increasing returns to scale technology. Equilibria in this economy take the form of business cycles in which consumption fluctuates too much and is too low on average. A 2-sector version of this economy with imperfect credit and
提供机构：
美国国家经济研究局
创建时间：
1989-06-01
