LIBROS DEL AUTOR: jaroslav zajac

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  • Economic Dynamics and Information
    Jaroslav Zajac
    This book analyzes the existence of equilibria in economies having a measured space of agents and a continuum of agents and commodities. Excessive homogeneity with respect to agent productivity leads to instability and non-uniqueness of a given stationary state and the indeterminacy of the corresponding stationary state equilibrium. Sufficient heterog...
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