Decentralization, communication, and the origins of fluctuations /

We consider a class of convex, competitive, neoclassical economies in which agents are rational; the equilibrium is unique; there is no room for randomization devices; and there are no shocks to preferences, technologies, endowments, or other fundamentals. In short, we rule out every known source of...

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Bibliographic Details
Main Author: Angeletos, Marios
Corporate Author: Massachusetts Institute of Technology Department of Economics
Other Authors: La'O, Jennifer
Format: Book
Language:English
Published: Cambridge, MA : Massachusetts Institute of Technology, Dept. of Economics, [2011]
Series:Working paper (Massachusetts Institute of Technology. Department of Economics) ; no. 11-09
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Call Number: HB31.M415 no.11-09