Autore: Beretta, Carlo
Titolo: A Ricardian model with a market for land
Periodico: Economia politica
Anno: 2006 - Volume: 23 - Fascicolo: 2 - Pagina iniziale: 173 - Pagina finale: 200

A standard Ricardian model is completed with the introduction of a market for land. If the economy were endowed with enough future markets, it would have no equilibria. The economy does however admit temporary equilibria of two types. The first uses equilibrium expectations; full employment instantaneous equilibrium can exist, but it can last only for a finite period, it is characterized by booms and slumps and it enjoys very strange comparative static properties. The second uses more far-sighted expectations; equilibrium is much better behaved but it is riddled with Keynesian problems.


Premi sulle icone a fianco dei nomi per visualizzare i libri scritti dall'autore

---

---

SICI: 1120-2890(2006)23:2<173:ARMWAM>2.0.ZU;2-A
Testo completo: http://www.mulino.it/ws/rwDirectDownload.php?doi=10.1428/22463
Testo completo alternativo: http://www.mulino.it/rivisteweb/scheda_articolo.php?id_articolo=22463

Esportazione dati in Refworks (solo per utenti abilitati)

Biblioteche ACNP che possiedono il periodico