A Note on the Dynamic Study of an OG Model with Competition à la Cournot
In an OG model with competition à la Cournot, we show the existence of a stable 2-cylcle (in prices and employment levels) in the forward dynamics with learning.
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|Date of creation:||Oct 1998|
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- Lasselle, L. & Svizzero, S., 1996. "Existence of Involuntary Unemployment: the Role of Expectations and Feedback Effects," G.R.E.Q.A.M. 96a30, Universite Aix-Marseille III.
- Grandmont Jean-michel, 1983.
"On endogenous competitive business cycles,"
CEPREMAP Working Papers (Couverture Orange)
- Lasselle, L., 1996. "Introduction d'un processus d'apprentissage dans un modele avec concurrence cournotienne," G.R.E.Q.A.M. 96a41, Universite Aix-Marseille III.
- D'ASPREMONT, Claude & DOS SANTOS FERREIRA, R. & GERARD-VARET, Louis-AndrÃ©, 1990. "Imperfect competition, rational expectations, and unemployment," CORE Discussion Papers 1990044, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
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