Department of Economics, University of Massachusetts Amherst [United States] The Institute of Economic Research, Hitotsubashi University [Japan] School of Management, Kochi University of Technology [Japan]
Se Ho Kwak
Department of Economics, University of Massachusetts Amherst [United States]
Published: 2023 Article Received: December 27, 2022Available on J-STAGE: March 31, 2023Article Accepted: February 23, 2023
Advance online publication: -
Revision Received: February 23, 2023
In contrast to Mandler's (1999a; Theorem 6.1) impossibility result about the Sraffian indeterminacy of the steady-state equilibrium, we have proposed a simple example of overlapping generation economy in which generic indeterminacy occurs in the Sraffian steady-state equilibrium.
