Palokangas, Tapio K. (contributor) - 2003 - [Elektronische Ressource]
). Inequality ˙K ≥ −µK means
that investment is irreversible. In the whole economy, capital accumulation
is equal to production in …-Tucker multiplier corresponding to the inequality
˙K ≥−µK. Differentiating equation (15) with respect to K, we obtain
ρBK −BKt = BKK … measure of income distribution. The model is an extension
of two special cases. For α = 0, we obtain Judd’s (1985) case where …