Fesselmeyer, Eric; Mirman, Leonard J.; Santugini, Marc - Centre Interuniversitaire sur le Risque, les Politiques … - 2013
We study the effect of dynamic and investment externalities in a one-sector growth model. In our model, two agents … interact strategically in the utilization of capital for consumption, savings, and investment in technical progress. We … consider two types of investment choices: complements and substitutes. For each case, we derive the equilibrium and provide the …