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 language | English (US) |
|---|---|
| Journal | Economics Bulletin |
| Volume | 5 |
| Issue number | 19 |
| State | Published - Jul 3 2008 |
All Science Journal Classification (ASJC) codes
- General Economics, Econometrics and Finance