The paper investigates the existence of stationary sunspot equilibria (SSE) in the vicinity of a steady state in a general, one-step forward looking economic model of dimension n. It is shown that, whenever the steady state is indeterminate, for the associated deterministic dynamics--i.e., there...

This note is a rejoinder to Marjorie B. McElroy and Mary Jean Horney's (1990) reply. It discusses the scope of McElroy and Horney's previous results, and the possibility of estimating a Nash-bargained model from independent observation of threat points. Copyright 1991 by Economics Department of...