Blar i NHH Brage på emneord "sunspot equilibria"
Viser treff 1-1 av 1
-
Sunspot equilibria and the transfer paradox
(Discussion paper, Working paper, 2004-04)We show that for international economies with two countries, in which agents have additively separable utility functions, the existence of sunspot equilibria is equivalent to the occurrence of the transfer paradox. This ...