An Experimental Test of an Optimal Growth Model.

This paper describes the behavior of an experimental economy with the structure of the Ramsey-Cass-Koopmans model of optimal growth. In the model, the level of consumption and capital stock converge to an optimal steady state level, regardless of the level of initial endowment. The main question considered in this study is whether such the level of initial endowment.

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Year of publication:	2000-03
Authors:	Lei, V. ; Noussair, C.
Institutions:	Krannert School of Management, Purdue University
Subject:	ECONOMIC GROWTH \| ECONOMIC MODELS

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Series:	Purdue University Economics Working Papers.
Type of publication:	Book / Working Paper
Notes:	41 pages
Classification:	O40 - Economic Growth and Aggregate Productivity. General ; O41 - One, Two, and Multisector Growth Models
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005786797