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Institut für Volkswirtschaftslehre, Universität Augsburg >
Volkswirtschaftliche Diskussionsreihe, Universität Augsburg >
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http://hdl.handle.net/10419/30808
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| Title: | | A further note on a new class of solutions to dynamic programming problems arising in economic growth  |
| Authors: | | Antony, Jürgen Maußner, Alfred |
| Issue Date: | | 2008 |
| Series/Report no.: | | Volkswirtschaftliche Diskussionsreihe // Institut für Volkswirtschaftslehre der Universität Augsburg 297 |
| Abstract: | | This note extends the finding of Benhabib and Rusticchini (1994) who provide a class of SDGE models, whose solution is characterized by a constant savings rate. We show that this class of models may be interpreted as a standard representative agent SDGE model with costly adjustment of capital and provides a solution to the traditional discrete time Ramsey problem. |
| Subjects: | | Capital and labor substitution Dynamic programming Growth Numerical solutions of SDGE models |
| JEL: | | C61 C68 E21 O4 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Volkswirtschaftliche Diskussionsreihe, Universität Augsburg
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