Existence and multiplicity of temporary equilibria under nominal price rigidities

被引：0

作者：

Dreze, Jacques ^{[1
]}

机构：

[1] Catholic Univ Louvain, CORE, B-1348 Louvain, Belgium

来源：

ECONOMIC THEORY | 2016年 / 62卷 / 1-2期

关键词：

Temporary general equilibrium; Incomplete preferences; Firm behaviour; Price rigidities;

D O I：

10.1007/s00199-015-0898-3

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper proves existence of a multiplicity of equilibria in a two-period TGE model with money and nominal rigidities. Households have incomplete preferences and firms reach decisions through the "control principle". The multiple equilibria belong to an inflation-unemployment locus allowing for a Phillips curve or stagflation.

引用

页码：279 / 298

页数：20

共 50 条

[41] EOQ model under temporary price discount with random supply
Trivedi, Chirag J.
Shan, Y.K.
Shah, Nita H.
Economic Computation and Economic Cybernetics Studies and Research, 1994, 25 (1-4):
[42] THE EXISTENCE OF EQUILIBRIUM ASSET PRICE UNDER DIVERSE INFORMATION
Sartono, R. Agus
GADJAH MADA INTERNATIONAL JOURNAL OF BUSINESS, 2005, 7 (03) : 351 - 369
[43] EXISTENCE OF ECONOMIC EQUILIBRIUM UNDER CONDITIONS OF MULTIPLICITY OF FORMS OF MONEY AND PRICES
MAKAROV, VL
SIBERIAN MATHEMATICAL JOURNAL, 1978, 19 (05) : 765 - 771
[44] Existence and uniqueness of price equilibria in location-based models of differentiation with full coverage
Janko Hernández Cortés
Paolo Morganti
Journal of Economics, 2022, 136 : 115 - 148
[45] EXISTENCE AND STRUCTURE OF NASH EQUILIBRIA IN SIMPLE ASYMMETRIC MODELS OF BERTRAND PRICE-COMPETITION
RIED, W
JAHRBUCH FUR SOZIALWISSENSCHAFT, 1993, 44 (02): : 216 - 232
[46] THE EXISTENCE OF MIXED-STRATEGY EQUILIBRIA IN A PRICE-SETTING OLIGOPOLY WITH CONVEX COSTS
DIXON, H
ECONOMICS LETTERS, 1984, 16 (3-4) : 205 - 212
[47] Existence and uniqueness of price equilibria in location-based models of differentiation with full coverage
Hernandez Cortes, Janko
Morganti, Paolo
JOURNAL OF ECONOMICS, 2022, 136 (02) : 115 - 148
[48] Reinvestigating the uniqueness of price equilibria in a product positioning model under price competition in a multisegmented market
Kress, Dominik
OPERATIONS RESEARCH LETTERS, 2015, 43 (06) : 599 - 600
[49] Existence and multiplicity of positive solutions for the fractional Laplacian under subcritical or critical growth
Frassu, Silvia
Iannizzotto, Antonio
COMPLEX VARIABLES AND ELLIPTIC EQUATIONS, 2021, 66 (10) : 1642 - 1663
[50] Indexed versus nominal government debt under inflation and price-level targeting
Hatcher, Michael
JOURNAL OF ECONOMIC DYNAMICS & CONTROL, 2014, 45 : 126 - 145

← 1 2 3 4 5 →