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Indeterminacy of competitive equilibrium in incomplete market structures with financ. assets as an extreme form of market coordin. breakdown

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  • Younes, Yves

Abstract

This paper analyses the basic features of technical and distributional changes in the US since the Civil War as the expression of the gradual emergence of a new paradigm, corresponding to a Managerial Revolution, and its replacement of the earlier organization inherited from the Industrial Revolution.

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  • Younes, Yves, 1989. "Indeterminacy of competitive equilibrium in incomplete market structures with financ. assets as an extreme form of market coordin. breakdown," CEPREMAP Working Papers (Couverture Orange) 8917, CEPREMAP.
    • Handle: RePEc:cpm:cepmap:8917
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    References listed on IDEAS

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    1. John Bryant, 1983. "A Simple Rational Expectations Keynes-type Model," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 98(3), pages 525-528.
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