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The Coordination Problem in the Stockholm School

  
17. Okt. 2016

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We revisit the Stockholm School of Economics with first principles. The objective is a rendition of a cumulative Myrdal-Wicksell process. To that end, we derive heterogeneous responses of consumers and producers to changes in the state of the world and define a Myrdal-Keynes equilibrium.

Sprache:
Englisch