Sunspot-like equilibria in an overlapping generations economy with strategic interactions
Author
Abstract
Suggested Citation
DOI: 10.1007/s00199-007-0234-7
Download full text from publisher
As the access to this document is restricted, you may want to
for a different version of it.References listed on IDEAS
- Costas Azariadis & Roger Guesnerie, 1986. "Sunspots and Cycles," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 53(5), pages 725-737.
- James Peck & Karl Shell, 1991. "Market Uncertainty: Correlated and Sunspot Equilibria in Imperfectly Competitive Economies," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 58(5), pages 1011-1029.
- Felix Kubler & Herakles Polemarchakis, 2004. "Stationary Markov equilibria for overlapping generations," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 24(3), pages 623-643, October.
- Cass, David & Shell, Karl, 1983. "Do Sunspots Matter?," Journal of Political Economy, University of Chicago Press, vol. 91(2), pages 193-227, April.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- John Duffy & Eric O'N. Fisher, 2005. "Sunspots in the Laboratory," American Economic Review, American Economic Association, vol. 95(3), pages 510-529, June.
- Krebs, Tom, 1997. "Statistical Equilibrium in One-Step Forward Looking Economic Models," Journal of Economic Theory, Elsevier, vol. 73(2), pages 365-394, April.
- Hoelle, Matthew, 2014. "The relation between sunspot effects and multiplicity in incomplete markets models with numeraire assets," Journal of Mathematical Economics, Elsevier, vol. 50(C), pages 119-127.
- Polemarchakis, Herakles M. & Ray, Indrajit, 2006.
"Sunspots, correlation and competition,"
Games and Economic Behavior, Elsevier, vol. 56(1), pages 174-184, July.
- Indrajit Ray & Herakles Polemarchakis, 2004. "Sunspots, Correlation And Competition," Royal Economic Society Annual Conference 2004 89, Royal Economic Society.
- Herakles M. Polemarchakis & Indrajit Ray, 2004. "Sunspots, Correlation and Competition," Discussion Papers 04-15, Department of Economics, University of Birmingham.
- Davila, Julio, 2003.
"Multiplicity, instability and sunspots in games,"
Journal of Mathematical Economics, Elsevier, vol. 39(3-4), pages 197-217, June.
- Julio Davila, 2001. "Multiplicity, Instability and Sunspots in Games," Penn CARESS Working Papers 98ea9c46b8bd85cddd877d3db, Penn Economics Department.
- Julio Davila, 2003. "Multiplicity, Instability and Sunspots in Games," Post-Print halshs-00286025, HAL.
- Julio Davila, 2003. "Multiplicity, Instability and Sunspots in Games," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00286025, HAL.
- Garratt, Rod & Keister, Todd & Qin, Cheng-Zhong & Shell, Karl, 2002. "Equilibrium Prices When the Sunspot Variable Is Continuous," Journal of Economic Theory, Elsevier, vol. 107(1), pages 11-38, November.
- Jasmina Arifovic & Cars Hommes & Anita Kopányi-Peuker & Isabelle Salle, 2023.
"Ten Isn't Large! Group Size and Coordination in a Large-Scale Experiment,"
American Economic Journal: Microeconomics, American Economic Association, vol. 15(1), pages 580-617, February.
- Jasmina Arifovic & Cars Hommes & Anita Kopányi-Peuker & Isabelle Salle, 2020. "Ten isn’t large! Group size and coordination in a large-scale experiment," Staff Working Papers 20-30, Bank of Canada.
- Jaimovich, Nir, 2007.
"Firm dynamics and markup variations: Implications for sunspot equilibria and endogenous economic fluctuations,"
Journal of Economic Theory, Elsevier, vol. 137(1), pages 300-325, November.
- Nir Jaimovich, 2007. "Firm Dynamics and Markup Variations: Implications for Sunspot Equilibria and Endogenous Economic Fluctuation," Discussion Papers 07-011, Stanford Institute for Economic Policy Research.
- Lagos, Ricardo & Wright, Randall, 2003.
"Dynamics, cycles, and sunspot equilibria in 'genuinely dynamic, fundamentally disaggregative' models of money,"
Journal of Economic Theory, Elsevier, vol. 109(2), pages 156-171, April.
- Ricardo Lagos & Randall Wright, 2002. "Dynamics, cycles and sunspot equilibria in \"genuinely dynamic, fundamentally disaggregative\" models of money," Working Papers (Old Series) 0210, Federal Reserve Bank of Cleveland.
- Acharya, Sushant & Benhabib, Jess & Huo, Zhen, 2021.
"The anatomy of sentiment-driven fluctuations,"
Journal of Economic Theory, Elsevier, vol. 195(C).
- Zhen Huo & Jess Benhabib & Sushant Acharya, 2017. "The Anatomy of Sentiment-driven Fluctuations," 2017 Meeting Papers 513, Society for Economic Dynamics.
- Sushant Acharya & Jess Benhabib & Zhen Huo, 2021. "The Anatomy of Sentiment-Driven Fluctuations," Staff Working Papers 21-33, Bank of Canada.
- Sushant Acharya & Jess Benhabib & Zhen Huo, 2017. "The Anatomy of Sentiment-Driven Fluctuations," NBER Working Papers 23136, National Bureau of Economic Research, Inc.
- Evans George W & Honkapohja Seppo M.S. & Marimon Ramon, 2007.
"Stable Sunspot Equilibria in a Cash-in-Advance Economy,"
The B.E. Journal of Macroeconomics, De Gruyter, vol. 7(1), pages 1-38, January.
- George W. Evans & Seppo Honkapohja & Ramon Marimon, 2001. "Stable Sunspot Equilibria in a Cash-in-Advance Economy," CESifo Working Paper Series 611, CESifo.
- George W. Evans & Seppo Honkapohja & Ramon Marimon, 2015. "Stable Sunspot Equilibria in a Cash-in-Advance Economy," Working Papers 14, Barcelona School of Economics.
- George W. Evans & Seppo Honkapohja & Ramon Marimon, 2004. "Stable sunspot equilibria in a cash-in-advance economy," Economics Working Papers 844, Department of Economics and Business, Universitat Pompeu Fabra, revised Jul 2005.
- George W. Evans & Seppo Honkapohja & Ramon Marimon, 2002. "Stable Sunspot Equilibira in a Cash-in-Advance Economy," University of Oregon Economics Department Working Papers 2001-5, University of Oregon Economics Department, revised 15 Nov 2005.
- Grossman, Herschel I., 1991.
"Monetary economics : A review essay,"
Journal of Monetary Economics, Elsevier, vol. 28(2), pages 323-345, October.
- Herschel I. Grossman, 1991. "Monetary Economics: A Review Essay," NBER Working Papers 3686, National Bureau of Economic Research, Inc.
- Bhattacharya, Joydeep & Russell, Steven, 2003.
"Two-period cycles in a three-period overlapping generations model,"
Journal of Economic Theory, Elsevier, vol. 109(2), pages 378-401, April.
- Bhattacharya, Joydeep & Russell, Steven, 2002. "Two-Period Cycles in a Three-Period Overlapping Generations Model," Staff General Research Papers Archive 10250, Iowa State University, Department of Economics.
- Angeletos, G.-M. & Lian, C., 2016. "Incomplete Information in Macroeconomics," Handbook of Macroeconomics, in: J. B. Taylor & Harald Uhlig (ed.), Handbook of Macroeconomics, edition 1, volume 2, chapter 0, pages 1065-1240, Elsevier.
- Arifovic, Jasmina & Evans, George W. & Kostyshyna, Olena, 2020. "Are sunspots learnable? An experimental investigation in a simple macroeconomic model," Journal of Economic Dynamics and Control, Elsevier, vol. 110(C).
- Rocheteau, Guillaume & Wang, Lu, 2023. "Endogenous liquidity and volatility," Journal of Economic Theory, Elsevier, vol. 210(C).
- Mark G. Guzman & Joseph H. Haslag & Pia M. Orrenius, 2015.
"Government policy under price uncertainty: A source of volatility in illegal immigration,"
Canadian Journal of Economics, Canadian Economics Association, vol. 48(3), pages 940-962, August.
- Mark G. Guzman & Joseph H. Haslag & Pia M. Orrenius, 2015. "Government policy under price uncertainty: A source of volatility in illegal immigration," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 48(3), pages 940-962, August.
- Mark G. Guzman & Joseph H. Haslag & Pia M. Orenius, 2013. "Government Policy under Price Uncertainty: A Source of Volatility in Illegal Immigration," Economics Discussion Papers em-dp2013-05, Department of Economics, University of Reading.
- Frank Heinemann, 1997. "Rationalizable expectations and sunspot equilibria in an overlapping-generations economy," Journal of Economics, Springer, vol. 65(3), pages 257-277, October.
- George-Marios Angeletos & Chen Lian, 2016. "Incomplete Information in Macroeconomics: Accommodating Frictions in Coordination," NBER Working Papers 22297, National Bureau of Economic Research, Inc.
- Roger E.A. Farmer, 2019.
"The Indeterminacy School in Macroeconomics,"
NBER Working Papers
25879, National Bureau of Economic Research, Inc.
- Farmer, Roger, 2019. "The Indeterminacy School in Macroeconomics," CEPR Discussion Papers 13745, C.E.P.R. Discussion Papers.
More about this item
Keywords
; ; ; ; ; ;JEL classification:
- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
- C73 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Stochastic and Dynamic Games; Evolutionary Games
- D51 - Microeconomics - - General Equilibrium and Disequilibrium - - - Exchange and Production Economies
- L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:joecth:v:35:y:2008:i:1:p:191-199. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.
Printed from https://ideas.repec.org/a/spr/joecth/v35y2008i1p191-199.html