Construct · 1 fields · 1 citations

coconut model: a standalone construct

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Macroeconomics

a search model in which trading externalities create multiple equilibria in aggregate activity, giving a role for demand management.

In macroeconomics, coconut model refers to a search model in which trading externalities create multiple equilibria in aggregate activity, giving a role for demand management. This meaning comes from Diamond (1982) in Journal of Political Economy.[1]

Unit
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Measured by

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Nearby constructs

aggregate3 fields · 6 citationsjingle · one word, three constructs demand4 fields · 4 citationsjingle · one word, four constructs model3 fields · 3 citationsjingle · one word, three constructs

References

Diamond, P. A. (1982). Aggregate Demand Management in Search Equilibrium. Journal of Political Economy, 90(5), 881-894. https://doi.org/10.1086/261099

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