Browsing by Subject "Increasing returns"

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Browsing by Subject "Increasing returns"

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    Title: Can Stabilization Policies Be Efficient?  Author(s): SAIDI, Aurélien Date: 2009 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: This paper makes use of optimal control relaxed problems to prove the absence of optimal trajectory in continuous time models with social increasing returns to scale where indeterminacy occurs. Although an efficient optimal ...