The existence of equilibrium paths in an AK-model with endogenous time preferences and borrowing constraints

An AK-model with borrowing constraints and endogenous time preferences is considered. It is assumed that the discount factor of a household is a continuous function of its relative income. We propose a definition of an equilibrium path and prove its existence.

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Year of publication:	2013-01-10
Authors:	Borissov, Kirill
Institutions:	Department of Economics, European University at St. Petersburg
Subject:	AK-model \| endogenous time preferences

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Extent:	application/pdf
Series:	EUSP Deparment of Economics Working Paper Series.
Type of publication:	Book / Working Paper
Notes:	Number Ec-01/13 24 pages
Classification:	D90 - Intertemporal Choice and Growth. General ; O41 - One, Two, and Multisector Growth Models
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010858824