EconStor >
Universität Augsburg >
Institut für Volkswirtschaftslehre, Universität Augsburg >
Volkswirtschaftliche Diskussionsreihe, Universität Augsburg >

Please use this identifier to cite or link to this item:
Title:A further note on a new class of solutions to dynamic programming problems arising in economic growth PDF Logo
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
Numerical solutions of SDGE models
Document Type:Working Paper
Appears in Collections:Volkswirtschaftliche Diskussionsreihe, Universität Augsburg

Files in This Item:
File Description SizeFormat
557258650.PDF168.75 kBAdobe PDF
No. of Downloads: Counter Stats
Download bibliographical data as: BibTeX
Share on:

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.