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Existence, Uniqueness, and Stability of Equilibrium in an OLG Economy
Wendner, Ronald - 2005
This paper presents sufficient conditions for the existence of a unique and globally stable steady state equilibrium for OLG economies with production. The conditions impose separate requirements on the utility and production functions. Moreover, the conditions do not require assumptions...
Persistent link: https://www.econbiz.de/10014066173
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We Are What We Eat : Obesity, Income, and Social Comparisons
Mathieu-Bolh, Nathalie - 2019
The empirical evidence of a non-monotone relation between income and obesity is not well explained. We build a … theoretical model combining income inequality and social comparisons to explain the link between income and obesity and study tax … income and positionality effects, yielding the following results. We explain the link between average obesity rates, and …
Persistent link: https://www.econbiz.de/10012896980
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Using the salop circle to study scale effects in Schumpeterian growth models : why inter-sectoral knowledge diffusion matters
Gray, Elie; Grimaud, André - 2016
This paper analyzes the link between the fact that fully endogenous growth models exhibit (or not) the non-desirable scale effects property and assumptions regarding the intensity of knowledge diffusion. In that respect, we extend a standard Schumpeterian growth model by introducing explicitly...
Persistent link: https://www.econbiz.de/10011515411
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The Lindahl equilibrium in Schumpeterian growth models : knowledge diffusion, social value of innovations and optimal R&D incentives
Gray, Elie; Grimaud, André - 2014
What is the social value of innovations in Schumpeterian growth models? This issue is tackled by introducing the concept of Lindahl equilibrium in a standard endogenous growth model with vertical innovations which is extended by explicitly considering knowledge diffusion on a Salop (1979)...
Persistent link: https://www.econbiz.de/10010252161
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A Two-Sector Overlapping Generations Model with Heterogeneous Capital
Wendner, Ronald; Farmer, Karl - 2005
This paper characterizes the existence and stability properties of steady state solutions as well as the nature of transition paths of a two-sector growth model with heterogeneous capital. It compares the properties of a Cobb-Douglas-Leontief economy with heterogeneous capital with the...
Persistent link: https://www.econbiz.de/10014066188
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The Solow's model with endogenous population : a neoclassical growth cycle model
Fanti, Luciano; Manfredi, Piero - In: Journal of economic development 28 (2003) 2, pp. 103-115
Persistent link: https://www.econbiz.de/10001892634
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Saving rate dynamics in the neoclassical growth model : hyperbolic discounting and observational equivalence
Farzin, Hossein; Wendner, Ronald - 2013
The standard neoclassical growth model with Cobb-Douglas production predicts a monotonically declining saving rate, when reasonably calibrated. Ample empirical evidence, however, shows that the transition path of a country's saving rate exhibits a rising or non-monotonic pattern. In important...
Persistent link: https://www.econbiz.de/10009756310
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The time path of the saving rate : hyperbolic discounting and short-term planning
Farzin, Yeganeh Hossein; Wendner, Ronald - 2014
The standard neoclassical growth model with Cobb-Douglas production predicts a monotonically declining saving rate, when reasonably calibrated. Ample empirical evidence, however, shows that the transition paths of most countries saving rates exhibit a statistically significant hump-shaped...
Persistent link: https://www.econbiz.de/10010359524
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The Lindahl equilibrium in Schumpeterian growth models: Knowledge diffusion, social value of innovations and optimal R&D incentives
Gray, Elie; Grimaud, André - Toulouse School of Economics (TSE) - 2014
What is the social value of innovations in Schumpeterian growth models? This issue is tackled by introducing the concept of Lindahl equilibrium in a standard endogenous growth model with vertical innovations which is extended by explicitly considering knowledge diffusion. Assuming that knowledge...
Persistent link: https://www.econbiz.de/10011004750
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An OLG model of growth with longevity: when grandparents take care of grandchildren
Fanti, Luciano; Gori, Luca - Volkswirtschaftliche Fakultät, … - 2011
By assuming that grandparents take care of grandchildren, in this paper we aim at studying the effects of longevity on economic growth in the basic OLG model with endogenous fertility. We show that a rise in longevity can actually reduce long-run growth. Moreover, we also find that an increasing...
Persistent link: https://www.econbiz.de/10009025259