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Tax Policy and Stability in a Model with Sector-Specific Externalities

✍ Scribed by Jang-Ting Guo; Sharon G. Harrison


Book ID
112264573
Publisher
Elsevier Science
Year
2001
Tongue
English
Weight
110 KB
Volume
4
Category
Article
ISSN
1096-0929

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Indeterminacy in a model with sector-spe
✍ Sharon G Harrison πŸ“‚ Article πŸ“… 2001 πŸ› Elsevier Science 🌐 English βš– 201 KB

I examine a model with two sectors of production: consumption and investment. In the model, indeterminacy of equilibria results due to the presence of small sector-speci"c externalities in production. In fact, I "nd that indeterminacy results with a certain, minimum value of the externality in the i