Existence and multiplicity of temporary equilibria under nominal price rigidities

Jacques Dreze

No 2013010, LIDAM Discussion Papers CORE from Université catholique de Louvain, Center for Operations Research and Econometrics (CORE)

Abstract: This paper proves existence of a multiplicity of equilibria in a 2-period TGE model with money and nominal rigidities. Households have in- complete preferences and firms reach decisions through the “control principle” (cf. Dr`eze 1989).

Keywords: temporary general equilibrium; incomplete preferences; price rigidities (search for similar items in EconPapers)
JEL-codes: D51 D52 (search for similar items in EconPapers)
Date: 2013-04-26
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Related works:
Journal Article: Existence and multiplicity of temporary equilibria under nominal price rigidities (2016)
Working Paper: Existence and multiplicity of temporary equilibria under nominal price rigidities (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:cor:louvco:2013010

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