In this paper we propose a unifying approach to study optimal growth models withbounded or unbounded returns (above/below). We prove existence of optimal solutions.

We investigate the balanced growth effects of pension pland on the rate of growth and on equality in a closed economy where individual decisions about education are the engine of growth. We distinguish between three different benefit rules: a Beveridgean one, a Bismarckian one depending on one's...

The present note highlights the seminal contributions of Diamond, Drèze and Radner towards the integration of financial markets into general equilibrium modeling.