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In standard economic growth theory it is assumed that labour force follows exponential growth, a not realistic assumption. As described in, for example, Maynard Smith, Ref. 1, the growth of natural populations is more accurately depicted by a logistic growth law. This paper analyzes how...
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In this paper the subject is met of providing a two-fold generalization of the logistic popu- lation dynamics to a nonautonomous context. First it is assumed the carrying capacity alone pulses the population behavior changing logistically on its own. In such a way we get again the model of Meyer...
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In this work we deal with the Solow-Swan economic growth model, when the labor force is ruled by the Malthusian law added by a constant migration rate I. Considering a Cobb-Douglas production function, we prove some stability issues and find a closed-form solution for the emigration case,...
Persistent link: https://www.econbiz.de/10013146289
This paper presents a Solow Growth Model with the labor force ruled by the logistic equation added by a constant migration rate, I. We prove the global asymptotic stability of the capital and production per capita. Considering a Cobb-Douglas production function, we show this model to have a...
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We consider the optimal trade execution strategies for a large portfolio of single stocks proposed by Almgren (2003). This framework accounts for a nonlinear impact of trades on average market prices. The execution strategy of Almgren (2003) is based on the assumption that no shares per unit of...
Persistent link: https://www.econbiz.de/10013118090