Indeterminacy in a model with sector-spe
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Sharon G Harrison
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Article
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2001
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Elsevier Science
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English
β 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