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On the Transition from Instantaneous to Time-Lagged Capital Accumilation: The Case of Leontief Type Production Functions
Winkler, Ralph; Brandt-Pollmann, Ulrich; Moslener, Ulf; … - 2005
We formulate an optimal control capital accumulation model with a Leontief-type production function and an exogenously given time-lag between investment and the accumulation of the capital stock, to analyze the qualitative and quantitative influence of time-lags on the system dynamics. As known...
Persistent link: https://www.econbiz.de/10010297437
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On the Transition from Instantaneous to Time-Lagged Capital Accumilation: The Case of Leontief Type Production Functions
Winkler, Ralph; Brandt-Pollmann, Ulrich; Moslener, Ulf; … - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2005
We formulate an optimal control capital accumulation model with a Leontief-type production function and an exogenously given time-lag between investment and the accumulation of the capital stock, to analyze the qualitative and quantitative influence of time-lags on the system dynamics. As known...
Persistent link: https://www.econbiz.de/10005097483
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On the transition from instantaneous to time-lagged capital accumilation : the case of Leontief type production functions
Winkler, Ralph; Brandt-Pollmann, Ulrich; Moslener, Ulf; … - 2005
We formulate an optimal control capital accumulation model with a Leontief-type production function and an exogenously given time-lag between investment and the accumulation of the capital stock, to analyze the qualitative and quantitative influence of time-lags on the system dynamics. As known...
Persistent link: https://www.econbiz.de/10002821796