Sunspots do matter: A simple disproof of Mas-Colell

Marco Huesch

Research output: Contribution to journalArticle

Abstract

Mas-Colell conjectured that, for economies admitting a unique deterministic equilibrium, sunspot equilibria that 'matter' would not exist. I prove an abundance of such equilibria using simple linear algebra.

Original languageEnglish (US)
JournalEconomics Bulletin
Volume5
Issue number19
StatePublished - Jul 3 2008

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Sunspots
Sunspot equilibria

All Science Journal Classification (ASJC) codes

  • Economics, Econometrics and Finance(all)

Cite this

Huesch, Marco. / Sunspots do matter : A simple disproof of Mas-Colell. In: Economics Bulletin. 2008 ; Vol. 5, No. 19.
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Sunspots do matter : A simple disproof of Mas-Colell. / Huesch, Marco.

In: Economics Bulletin, Vol. 5, No. 19, 03.07.2008.

Research output: Contribution to journalArticle

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