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Stackelberg leadership in a dynamic duopoly with stochastic capital accumulation

โœ Scribed by Luca Lambertini

Publisher
Springer-Verlag
Year
2005
Tongue
English
Weight
167 KB
Volume
15
Category
Article
ISSN
0936-9937

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A dynamic IS-LM business cycle model wit
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โœ Lujun Zhou; Yaqiong Li ๐Ÿ“‚ Article ๐Ÿ“… 2009 ๐Ÿ› Elsevier Science ๐ŸŒ English โš– 449 KB

In this paper, we analyze a augmented IS-LM business cycle model with the capital accumulation equation that two time delays are considered in investment processes according to Kalecki's idea. Applying stability switch criteria and Hopf bifurcation theory, we prove that time delays cause the equilib