Arbeitspapier
Complementarity
A multiplicity of equilibria, steady states, cycles, etc., are prominent features of models with complementarities. Multiplicity suggests the instability of an economic system and the sensitive dependence of the equilibrium behavior on the environment. In this lecture, I discuss some methodological questions concerning the economics of complementarity, with special emphasis on instability and multiplicity. A series of monopolistic competition models are developed to illustrate the argument.
- Language
-
Englisch
- Bibliographic citation
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Series: Discussion Paper ; No. 1183
- Classification
-
Wirtschaft
Economic Methodology
Business Fluctuations; Cycles
Economic Development, Innovation, Technological Change, and Growth
- Event
-
Geistige Schöpfung
- (who)
-
Matsuyama, Kiminori
- Event
-
Veröffentlichung
- (who)
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Northwestern University, Kellogg School of Management, Center for Mathematical Studies in Economics and Management Science
- (where)
-
Evanston, IL
- (when)
-
1997
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Matsuyama, Kiminori
- Northwestern University, Kellogg School of Management, Center for Mathematical Studies in Economics and Management Science
Time of origin
- 1997
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