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Persistent link: https://www.econbiz.de/10010203608
We prove that the introduction of endogenous indivisible labor supply into the vintage capital growth model does not rule out the turnpike and optimal permanent regime properties, notably the non- monotonicity properties of optimal paths, inherent in this model.
Persistent link: https://www.econbiz.de/10010933877
We prove that the introduction of endogenous indivisible labor supply into the vintage capital growth model does not rule out the turnpike and optimal permanent regime properties, notably the non- monotonicity properties of optimal paths, inherent in this model.
Persistent link: https://www.econbiz.de/10010900231