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ralph lauren polo

Marco Huesch
''Sunspots do matter: a simple disproof of Mas-Colell''
( 2008, Vol. 5 No.19 )
Mas-Colell conjectured that, for economies admitting a unique deterministic equilibrium, sunspot equilibria that 'matter'' would not exist. I prove an abundance of such equilibria using simple linear algebra.
Keywords: Animal Spirits
E3 - Prices, Business Fluctuations, and Cycles: General (includes Measurement and Data)
Manuscript Received : Jun 24 2008 Manuscript Accepted : Jul 03 2008

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