consumption and leisure. Thus, we avoid a Consumptionist Fallacy that welfare depends only on commodityconsumption and perhaps …

The permanent decline of equipment prices relative to nondurable consumption prices rendered fixed-base quantity …-sector endogenous growth model, we use the Bellman equation to explicitly represent preferences on consumption and investment, we apply …

We analyze the transitional dynamics of a model with heterogeneous consumption goods. In this model, convergence is … relative prices. We show that this second force a¤ects the growth rate if the two consumption goods are not Edgeworth … aforementioned dynamic sectoral change arises only under heterogeneous consumption goods, the transitional dynamics of this model …

goods. They often worked as servants in husbandry, where they remained unmarried long after they had left the parental …

exhibits sectoral change due to the introduction of heterogenous consumption goods and of a minimum consumption requirement. In … of the capital stocks and of the minimum consumption requirement. This implies that the minimum consumption is a barrier …