Temporary Equilibria with Quantity Rationing
نویسندگان
چکیده
منابع مشابه
Administrative rationing and multiple equilibria
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متن کاملadministrative rationing and multiple equilibria
in this paper, we introduce non-interest profit/loss sharing (pls) banks into a three-period overlapping generations model. two types, (low- and high quality) investments are assumed and capital accumulation and level of output in the steady state is considered. then, administrative rationing is introduced to the model. it is shown that the level of capital accumulation and output in equilibriu...
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ژورنال
عنوان ژورنال: The Review of Economic Studies
سال: 1979
ISSN: 0034-6527
DOI: 10.2307/2297057