|
|||||
|
|
On supply-constrained equilibria |
|
| Authors: | Pierre Dehez Jacques H Drèze |
| Institution: | CORE, Université Catholique de Louvain, Louvain-la-Neuve, Belgium |
| Abstract: | The paper gives sufficient conditions for the existence of an equilibrium with price rigidities and quantity rationing where: (i) demand is never rationed; (ii) net trades of an a priori chosen numeraire are never rationed; and (iii) supply is rationed only when relative prices are downward rigid. |
| Keywords: | |
| 本文献已被 ScienceDirect 等数据库收录！ | |