Moreira, Tito; Araujo, Ricardo; Sachsida, Adolfo - In: Economics Bulletin 28 (2002) 10, pp. 0-0
This paper admits that people are drug users and analyzes whether drug use affects the modified golden rule in the Ramsey model approach. The results show that in a steady state, this model's capital productivity is smaller than in the Ramsey model. However, the optimal intertemporal allocation...