Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/30808
Authors: 
Antony, Jürgen
Maußner, Alfred
Year of Publication: 
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

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