Department of Economics, University of Massachusetts Amherst [アメリカ合衆国] The Institute of Economic Research, Hitotsubashi University [日本] School of Management, Kochi University of Technology [日本]
Se Ho Kwak
Department of Economics, University of Massachusetts Amherst [アメリカ合衆国]
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.
