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Optimal growth and recursive utility: Phase diagram analysis

โœ Scribed by F. R. Chang


Publisher
Springer
Year
1994
Tongue
English
Weight
660 KB
Volume
80
Category
Article
ISSN
0022-3239

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Balanced-growth-consistent recursive uti
โœ Michael Ben-Gad ๐Ÿ“‚ Article ๐Ÿ“… 1998 ๐Ÿ› Elsevier Science ๐ŸŒ English โš– 74 KB

The replacement of time-additive separability with recursive utility greatly expands the opportunity to incorporate heterogenous agents within Ramsey optimal growth models. Dolmas has demonstrated that there exists a class of aggregator functions that are consistent with balanced growth paths. This