Stability of Equilibria with Externalities
- 1 May 1988
- journal article
- Published by Oxford University Press (OUP) in The Quarterly Journal of Economics
- Vol. 103 (2) , 261-277
- https://doi.org/10.2307/1885112
Abstract
It is shown that, in a class of models with multiple externalities (one positive and one negative), all stationary equilibria may be locally stable tKeywords
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