Can consumption spillovers be a source of equilibrium indeterminacy?

Foreign Trade and Equilibrium Indeterminacy

We show that dependence of production on foreign inputs (or non-producible natural resources) can significantly increase the likelihood of indeterminacy. Payment of imported foreign factors of production may act as a semi-fixed cost, amplifying production externalities and returns to scale, making selffulfilling expectations driven busyness cycles easier to arise. This is demonstrated using a s...

Admiration is a Source of Indeterminacy

Can consumption externalities be a source of indeterminacy? The answer is negative in conventional wisdom. In this paper we show that consumption externalities establish local indeterminacy if the degree of decreasing impatience is sufficiently large. Dynamic models with indeterminacy are valuable as they tend to explain economic fluctuations without relying on exogenous shocks and question int...

Externality Is a Source of Indeterminacy

How traditional symbols can be used as inspiration source in shaping the urban architecture?

This paper explores the developing of how designers can search for inspiration source which provided in the form of traditional elements and archetypes and also their role on idea generation in design from building to urban measure. In order to clarify of this, current study focuses on the Far-East region as an ancient part of the world in which there is a huge number of symbols like well known...

INDETERMINACY OF CITIZEN-CANDIDATE EQUILIBRIUM By