Showing 1 - 10 of 16
Persistent link: https://www.econbiz.de/10001490135
Persistent link: https://www.econbiz.de/10001490144
Persistent link: https://www.econbiz.de/10001337559
Persistent link: https://www.econbiz.de/10003743334
Persistent link: https://www.econbiz.de/10003315288
We examine whether the Phelps-Koopmans theorem is valid in models with nonconvex production technologies. We show by example that a nonstationary path that converges to a capital stock above the smallest golden rule may indeed be efficient. This finding has the important implication that...
Persistent link: https://www.econbiz.de/10003810230
Persistent link: https://www.econbiz.de/10003372619
Persistent link: https://www.econbiz.de/10009744834
Persistent link: https://www.econbiz.de/10002706555
Persistent link: https://www.econbiz.de/10001461498