Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/221539
Authors: 
Matsuyama, Kiminori
Year of Publication: 
1997
Series/Report no.: 
Discussion Paper No. 1183
Abstract: 
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.
JEL: 
B41
E32
O00
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.