Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
973237 | Mathematical Social Sciences | 2012 | 8 Pages |
Abstract
⺠We model endogenous time preference with investment externalities. ⺠We mainly examine whether equilibrium indeterminacy arises. ⺠Under this paper's specification, the steady state uniquely exists. ⺠Equilibrium indeterminacy does not arise if investment externalities do not exist. ⺠Equilibrium indeterminacy can be observed if investment externalities exist.
Related Topics
Physical Sciences and Engineering
Mathematics
Applied Mathematics
Authors
Taketo Kawagishi,