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Stability and Turnpike Theorems in Dynamic Competitive Equilibrium
Authors:Makoto Yano
Institution:Keio University
Abstract:This study reviews the main results in the literature on the integration of competitive equilibrium theory and optimal growth theory, in particular those concerning the convergence of an equilibrium path to a stationary state (stability theorems).
JEL Classification Numbers: C6, D9.
Keywords:
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