Adelaide Research & Scholarship
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https://hdl.handle.net/2440/41236
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Full metadata record
| DC Field | Value | Language |
|---|---|---|
| dc.contributor.author | Weder, M. | - |
| dc.date.issued | 2004 | - |
| dc.identifier.citation | Portuguese Economic Journal, 2004; 3(1):1-13 | - |
| dc.identifier.issn | 1617-982X | - |
| dc.identifier.issn | 1617-9838 | - |
| dc.identifier.uri | http://hdl.handle.net/2440/41236 | - |
| dc.description | © Springer | - |
| dc.description.abstract | This paper investigates general equilibrium effects of conspicuous leisure. It finds that leisure externalities reduce the degree of other market imperfections needed to generate indeterminacy or sunspot equilibria - endogneous cycles become empirically more plausible. Sunspot equilibria are possible with a downward-sloping labor demand schedule. The economic reasoning behind the result is that with conspicuous-externalities, labor is drawn more easily in and out of leisure to help fulfill agents expectations. | - |
| dc.language.iso | en | - |
| dc.publisher | Springer | - |
| dc.source.uri | http://www.springerlink.com/content/r0j75ct3pejymp2h/?p=4369b655441c4990bfaa20e4b14f30d9&pi=0 | - |
| dc.subject | Conspicuous leisure | - |
| dc.subject | Business cycles | - |
| dc.subject | Indeterminacy | - |
| dc.subject | Irregular economies | - |
| dc.subject | Sunspots | - |
| dc.title | A note on conspicuous leisure, animal spirits and endogenous cycles | - |
| dc.type | Journal article | - |
| dc.identifier.doi | 10.1007/s10258-004-0026-y | - |
| pubs.publication-status | Published | - |
| Appears in Collections: | Aurora harvest Economics publications | |
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