Results 1  10
of
76,285
Taste for Variety and Endogenous Fluctuations in a Monopolistic Competition Model
, 2007
"... for variety and endogenous fluctuations in a ..."
Endogenous Fluctuations in the Demand for Education
"... We would like to thank Cars Hommes, Florian Wagener, seminar participants at the University of Amsterdam, and the participants of the workshop on ‘Skill Needs and Labor Market Dynamics ’ at the Wissenschaftszentrum Berlin für Sozialforschung for helpful discussions. Tuinstra’s research is supported ..."
Abstract

Cited by 8 (2 self)
 Add to MetaCart
We would like to thank Cars Hommes, Florian Wagener, seminar participants at the University of Amsterdam, and the participants of the workshop on ‘Skill Needs and Labor Market Dynamics ’ at the Wissenschaftszentrum Berlin für Sozialforschung for helpful discussions. Tuinstra’s research is supported by the Netherlands Organisation for Scientific Research (NWO) under a MaGPionier grant. Neugart acknowledges financial support from the German Ministry of Education. Parts of the research were done while Tuinstra was visiting the WZB and when Neugart was visiting CeNDEF. ZITIERWEISE / CITATION Michael Neugart and Jan Tuinstra
Association on “Endogenous Fluctuations”
"... 1 Multisector optimal growth models 1.1 Some basic facts on onesector models Consider a standard discretetime onesector optimal growth model with inelastic labor supply. Consider the following variables at time t: Lt: the labor supply which is proportional to population; Kt: the capital stock; ..."
Abstract
 Add to MetaCart
1 Multisector optimal growth models 1.1 Some basic facts on onesector models Consider a standard discretetime onesector optimal growth model with inelastic labor supply. Consider the following variables at time t: Lt: the labor supply which is proportional to population; Kt: the capital stock; Yt: the production which is given by a standard neoclassical technology F (kt, Lt) homogeneous of degree one and concave; Ct: the consumption; It = Kt+1 −Kt: the net investment; µKt: the replacement investment with µ ∈ [0, 1] the rate of depreciation of capital. In a closed economy the equilibrium on the good market implies F (Kt, Lt) = Ct + It + µKt ⇔ Kt+1 = F (Kt, Lt) + (1 − µ)Kt − Ct Assuming that population grows at a constant rate n, i.e. Lt+1 = (1+n)Lt, we may rewrite the previous equation in intensive form with kt = Kt/Lt and ct = Ct/Lt: (1 + n)kt+1 = f(kt) + (1 − µ)kt − ct with f (k) = F (k, 1). To simplify the exposition we assume that investment is reversible.1 Assumption 1. f(k) is C2 and such that for any k> 0, f ′(k)> 0, f ′′(k) < 0, f(0) = 0, f ′(0) = + ∞ and f ′(+∞) = 0. We consider the existence of a representative consumer who maximises the discounted sum of utility derived from consumption. His utility function u(c) is given by: Assumption 2. u(c) is C2 and such that for any c> 0, u′(c)> 0, u′′(c) < 0, u(0) = 0, u′(0) = + ∞ and u′(+∞) = 0. The maximisation program is max {ct}+∞t=0 +∞X t=0 δtu(ct) s.t. (1 + n)kt+1 = f(kt) + (1 − µ)kt − ct k0 given (1) 1This assumption does not fundamentaly modify the results.
Product Scope and Endogenous Fluctuations
, 2015
"... Recent empirical evidence suggests that product creation is procyclical and it occurs largely within existing
rms. Motivated by these ndings, the current paper investigates the role of intra
rm product scope choice in a general equilibrium economy with oligopolistic producers. We show that the m ..."
Abstract
 Add to MetaCart
Recent empirical evidence suggests that product creation is procyclical and it occurs largely within existing
rms. Motivated by these ndings, the current paper investigates the role of intra
rm product scope choice in a general equilibrium economy with oligopolistic producers. We show that the multiproduct nature of
rms makes the economy signi
cantly more susceptible to sunspot equilibria. The estimated indeterminate model generates arti
cial business cycles that closely resemble empirically observed uctuations.
Nonlinear Inflation Expectations and Endogenous Fluctuations
, 2006
"... The standard new Keynesian monetary policy problem is, in its original presentation, a linear model. As a result, only three possibilities are admissible in terms of long term dynamics: the equilibrium may be a stable node, an unstable node or a saddle point. Fixed point stability (a stable node) is ..."
Abstract
 Add to MetaCart
policy results when an active Taylor rule is taken. By assuming that inflation expectations are constrained by the evolution of the output gap, we radically modify the implications of policy intervention: endogenous cycles, of various periodicities, and chaotic motion will be observable for reasonable
Endogenous Fluctuations of DNA Topology in the Chloroplast
, 1998
"... These include: This article cites 44 articles, 22 of which can be accessed free at: ..."
Abstract
 Add to MetaCart
These include: This article cites 44 articles, 22 of which can be accessed free at:
Can Financial Intermediation Induce Endogenous Fluctuations? ∗
, 2003
"... This paper studies the possibility of endogenous fluctuations caused by activities of financial intermediaries. Riskaverse agents borrow from banks and invest in a risky twostate capital technology. The probability of success with the technology is assumed to be decreasing in the amount of capital ..."
Abstract
 Add to MetaCart
This paper studies the possibility of endogenous fluctuations caused by activities of financial intermediaries. Riskaverse agents borrow from banks and invest in a risky twostate capital technology. The probability of success with the technology is assumed to be decreasing in the amount
Efficient Endogenous Fluctuations in TwoSector OLG Model
, 2013
"... Abstract: We consider a twosector twogood twoperiods overlapping generations model with inelastic labor, consumption in both period of life and homothetic CES preferences. There are two consumption goods, one pure (nondurable) consumption and one consumable (durable) capital good which can be ei ..."
Abstract
 Add to MetaCart
be either consumed or invested. Assuming gross substitutability and a capital intensive pure consumption good, we prove the existence of efficient endogenous fluctuations through a Hopf bifurcation if the share of the consumption of young in the composite good is low enough. We also show that some fiscal
Local Bargaining and Endogenous Fluctuations ∗ Thành Nguyen †
, 2012
"... We study how local bargaining in a networked market can cause endogenous fluctuations by a new approach that incorporates noncooperative bargaining into a large networked economy. In particular, we consider a networked bargaining game that captures trade with intermediaries and define its replicati ..."
Abstract
 Add to MetaCart
We study how local bargaining in a networked market can cause endogenous fluctuations by a new approach that incorporates noncooperative bargaining into a large networked economy. In particular, we consider a networked bargaining game that captures trade with intermediaries and define its
Results 1  10
of
76,285