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met, the identified mean E(y|δ=1) is not equal to the desired mean E(y). But the monotonicity condition E(y|δ=1)â … monotonicity. The main question is then whether the monotonicity condition is testable, and if not, when it is plausible. Answering … monotonicity; when z is not available, we provide primitive conditions and plausible models for the monotonicity. Going further …
Persistent link: https://www.econbiz.de/10005063644
We study the underlying structure of the two-dimensional dynamical system generated by a class of dynamic optimization models, which allow for intertemporal complementarily between adjacent periods, but which preserve the time additively separable framework of Ramsey models. Specifically, we...
Persistent link: https://www.econbiz.de/10005063750