Journal article
Multiple Equilibrium in the Diamond Capital Model.
- Abstract:
- When the EIS varies with consumption, multiple, even uncountably many, steady-state solutions may be obtained to the Diamond Capital Model. The many equilibria are solutions to a differential equation for the EIS value. This technique has general application.
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- Publisher copy:
- 10.1016/j.econlet.2007.12.016
Authors
- Publisher:
- Elsevier
- Journal:
- Economics Letters More from this journal
- Volume:
- 100
- Issue:
- 1
- Pages:
- 143 - 145
- Publication date:
- 2008-01-01
- DOI:
- ISSN:
-
0165-1765
- Language:
-
English
- UUID:
-
uuid:1ba8acf8-2284-443d-9d39-cc65c329158e
- Local pid:
-
oai:economics.ouls.ox.ac.uk:12593
- Deposit date:
-
2011-08-15
- ARK identifier:
Terms of use
- Copyright date:
- 2008
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