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In this paper we give a sufficient and almost necessary condition for the existence of optimal strategies in linear multisector models when time is continuous, consumption is limited to one commodity, the instantaneous utility is of the CES type, and available technology allows a positive growth...
Persistent link: https://www.econbiz.de/10005636474
In this paper we give a sufficient and almost necessary condition for the existence of optimal strategies in linear multisector models when time is continuous and more than one consumption good exists.
Persistent link: https://www.econbiz.de/10008572596
We study the compatibility of the optimal population size concepts produced by different social welfare functions and egalitarianism meant as “equal consumption for all individuals of all generations”. Social welfare functions are parameterized by an altruism parameter generating the...
Persistent link: https://www.econbiz.de/10011118020
This paper deals with an endogenous growth model with vintage capital and, more precisely, with the AK model proposed in [18]. In endogenous growth models the introduction of vintage capital allows to explain some growth facts but strongly increases the mathematical difficulties. So far, in this...
Persistent link: https://www.econbiz.de/10011267860
This paper deals with an endogenous growth model with vintage capital and, more precisely, with the AK model proposed in [18]. In endogenous growth models the introduction of vintage capital allows to explain some growth facts but strongly increases the mathematical difficulties. So far, in this...
Persistent link: https://www.econbiz.de/10005260172