RESWITCHING AS A CAUSE OF INSTABILITY OF INTERTEMPORAL EQUILIBRIUM

It is generally recognized that the paradoxes of capital, of which reswitching is the most striking example, are a reason to question the existence of aggregate production functions. It is here shown that they affect intertemporal general equilibrium as well as causes of instabilities. Copyright Blackwell Publishing Ltd 2005.

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Year of publication:	2005
Authors:	Schefold, Bertram
Published in:	Metroeconomica. - Wiley Blackwell, ISSN 0026-1386. - Vol. 56.2005, 4, p. 438-476
Publisher:	Wiley Blackwell

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005659076