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- W2014003417 abstract "Abstract A subsistence sector which produces output without reproducible capital and is also the only source of labour in the economy opens up the possibility that profit maximisation does not rule everywhere. If, in this context, there is one good and savings determine investment, then equilibrium is unique whether the labour market works classically or neoclassically. If, however, investment determines savings in neo-Keynesian fashion, equilibrium may no longer be unique. These results suggest that the importance of different behavioral specifications cannot be determined independently of how markets get cleared." @default.
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- W2014003417 date "1979-01-01" @default.
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- W2014003417 title "The behaviour of a dual economy under different ‘closing rules’" @default.
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- W2014003417 doi "https://doi.org/10.1016/0304-3878(79)90035-x" @default.
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