Studies in Economic Theory
Volume 1 / 1991 to Volume 31 / 2017
Page
%P
23 Result(s)
within
Kazuo Nishimura
English
Game Theory, Economics, Social and Behav. Sciences
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Article
Knowledge-based structural change
How will structural change unfold beyond the rise of services? Motivated by the observed dynamics within the service sector we propose a model of structural change in which productivity is endogenous and outpu...
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Article
Expectations, beliefs and the business cycle: tracing back to the deep economic drivers
When can exogenous changes in beliefs generate endogenous fluctuations in rational expectation models? We analyze this question in the canonical one-sector and two-sector models of the business cycle with incr...
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Article
Flying or trapped?
We develop a unified theory with endogenous technology choice in human/knowledge capital accumulation to obtain a rich array of development paradigms. The transition from a less productive technology to a more...
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Article
Finance and Economic Growth in a Dynamic Game
We investigate how the relaxation of financial constraints affects economic growth in a dynamic game of the tragedy of the commons by introducing an imperfect financial market into Tornell and Velasco’s (J Pol...
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Chapter
A Two-Sector Growth Model with Credit Market Imperfections and Production Externalities
A two-sector dynamic general equilibrium model with financial constraints and production externalities is studied. Agents face idiosyncratic productivity shocks in each period. Agents who draw high productivit...
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Book Series
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Book
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Chapter
Introduction
This chapter presents a brief overview of the career and main contributions of Professor Jean-Michel Grandmont. It also provides a summarized description of the 16 papers written in his honor by his friends an...
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Chapter
Sunspot Fluctuations in Two-Sector Models with Variable Income Effects
We analyze a version of the Benhabib and Farmer (1996) two-sector model with sector-specific externalities in which we consider a class of utility functions inspired from the one considered in Jaimovich and Rebe...
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Chapter
Homoclinic Orbit and Stationary Sunspot Equilibrium in a Three-Dimensional Continuous-Time Model with a Predetermined Variable
We treat a three-dimensional continuous-time model that includes one predetermined variable and two non-predetermined variables. We assume (1) that the model has a two-dimensional well-located invariant manifo...
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Article
Destabilization effect of international trade in a perfect foresight dynamic general equilibrium model
In the present paper, we consider a two-country, two-good, two-factor general equilibrium model with CIES nonlinear preferences, asymmetric technologies across countries and decreasing returns to scale. It is ...
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Article
A dynamic two country Heckscher–Ohlin model with non-homothetic preferences
We examine the properties of a two-country dynamic Heckscher–Ohlin model that allows for preferences to be non-homothetic. We show that the model has a continuum of steady state equilibria under free trade, wi...
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Article
Equilibrium dynamics in discrete-time endogenous growth models with social constant returns
The existing literature establishes possibilities of local determinacy and dynamic indeterminacy in continuous-time two-sector models of endogenous growth with social constant returns. The necessary and suffic...
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Article
Foreword to the Symposium
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Article
Indeterminacy in a dynamic two-country model
The purpose of this paper is to show that indeterminacy can arise in a simple competitive two-country dynamic model of international trade, free of externalities, imperfect competition, and government interven...
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Chapter
Indeterminacy in Discrete-Time Infinite-Horizon Models
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Chapter
Optimal Cycles and Chaos
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Chapter
On Stationary Optimal Stocks in Optimal Growth Theory: Existence and Uniqueness Results
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Article
Asymmetric Factor Substitutability and Indeterminacy
We consider a discrete-time two-sector CES economy with sector specific external effects in which factor substitutability differs across sectors. For this general model, we provide sufficient conditions on the...
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Article
Indeterminacy and cycles in two-sector discrete-time model
We consider a discrete-time two-sector Cobb-Douglas economy with positive sector specific external effects. We show that indeterminacy of steady states and cycles can easily arise with constant or decreasing ...
