In this paper we analyze a two-sector growth model in which the utility function is not additively separable in consumption and “quality leisure time”. Differently from the main body of theoretical literature on quality leisure, we assume that the “productivity” of leisure is not...

This paper extends the classical repeated duopoly model with quantity-setting firms of Bischi et al. (1998) by assuming that production of goods is subject to some gestation lags but exchanges take place continuously on the market. The model is expressed in the form of differential equations...