Bliss [Bliss, C., 2008. Multiple equilibrium in the Diamond capital model. Economics Letters 100, 143–145] finds …

The effect of inflation on the capital stock is considered in an overlapping generations framework with a Cash …

does not, corresponding to human capital and signal invest- ment, respectively. The question is how individuals determine … and the poor invest in both types of education. We argue that the ratio of human capital to signal investment is a U …-inequality, and as a result, the ratio of human capital to signal investment changes in a U-shaped form during the transition to the …

change causes a shift in allocations away from bequests in favor of education- leading to a decline in domestic capital …

This paper analyzes overlapping-generations models where natural capital is owned by selfish agents. Transfers in favor … when other assets are available, e.g. man-made capital, claims on monopoly rents, and R&D investment. Transfers raise the …