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dc.contributor.authorDuménil, Gérard
dc.contributor.authorLévy, Dominique
dc.date.accessioned2015-04-17T12:30:56Z
dc.date.available2015-04-17T12:30:56Z
dc.date.issued1987
dc.identifier.urihttps://basepub.dauphine.fr/handle/123456789/14971
dc.language.isoenen
dc.subjectEquilibrium (Economics)en
dc.subjectdisequilibriumen
dc.subject.ddc338.5en
dc.subject.classificationjelD50en
dc.subject.classificationjelD03en
dc.subject.classificationjelD23en
dc.titleThe macroeconomics of disequilibriumen
dc.typeArticle accepté pour publication ou publié
dc.description.abstractenIt is shown that it is possible to construct a disequilibrium microeconomics in which agents react to the evidence of disequilibrium (inventories, nonnormal ratio of capacity utilization, etc.). In a one good model, we describe the set of fixed points In addition to normal equilibrium, two stationary disequilibria also exist (or regimes of long-term disequilibrium): overheating and inferior states. The set of fixed points which are locally stable displays the shape of a pitchfork.en
dc.relation.isversionofjnlnameJournal of Economic Behavior and Organization
dc.relation.isversionofjnlvol8en
dc.relation.isversionofjnlissue3en
dc.relation.isversionofjnldate1987
dc.relation.isversionofjnlpages377-395en
dc.relation.isversionofdoihttp://dx.doi.org/10.1016/0167-2681(87)90051-5en
dc.relation.isversionofjnlpublisherElsevieren
dc.subject.ddclabelMicroéconomieen
dc.relation.forthcomingnonen
dc.relation.forthcomingprintnonen


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