On the "Equilibrium Production Possibility Frontier", Factors Substitutability and the Irrelevance of Returns to Scale for the Emergence of Local Indeterminacies in Multi-Sectoral Economies.

It is argued that the large debate which had organised in the recent period about the nature of returns to scale and the associated area of local indeterminacies within competitive economies was misplaced as soon as the environment encompassed more than one good. This is established through the introduction of an "equilibrium production possibility frontier" whose features can be characterised at the same level of generality as the canonical formulation of the production possibility frontier.PRODUCTION ; EXTERNALITIES ; ENVIRONMENT

A Model of Growth with Self-Fulfilling Prophecies.

economic growth ; economic models

Indeterminacy and labor augmenting externalities

Indeterminacy, externalities, two-sector growth model, factor intensities, C62, E32, O41,

Sunspot Fluctuations in Two-sector Economies with Heterogeneous Agents

Heterogeneous agents, Borrowing constraint, Two-sector model, Indeterminacy, C61, E32, E41,