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Indeterminacy with Non-Separable Utility Author info | Abstract | Publisher info | Download info | Related research | Statistics Bennett, R.L.
Farmer, R.E.A.
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Benhabib and Farmer [3] showed that a single sector growth model in the presence of increasing returns-to-scale may display an indeterminate equilibrium if the demand and supply curves cross with the "wrong slopes". We generalize their result to a model with preferences that are non-separable in consumption and leisure.
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Paper provided by European University Institute in its series Economics Working Papers with number
eco99/34.
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Length: 28 pages
Date of creation: 1999Date of revision:
Handle: RePEc:eui:euiwps:eco99/34Contact details of provider: Postal: Badia Fiesolana, Via dei Roccettini, 9, 50016 San Domenico di Fiesole (FI) Italy Phone: +39-055-4685.982 Fax: +39-055-4685.902 Web page: http://www.eui.eu/ECO/ More information through EDIRC
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Keywords: ECONOMIC GROWTH ; ECONOMIC MODELS ; Other versions of this item:
Find related papers by JEL classification: C50 - Mathematical and Quantitative Methods - - Econometric Modeling - - - General O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
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