New answers tagged economic-growth
0
votes
Ramsey model problem
The no-Ponzi condition is a technical condition that needs to be imposed to deal with the case of a time-varying value like capital k diverging at infinity. Even if ...
- 121
2
votes
How the saving rates were derived in Azariadis (1996)'s Impatience Trap?
The household's utility function is
$$
v(c_1, c_2) := \frac{1}{\beta(c_1)} \log c_1 + \log c_2 - A(c_1, c_2)
$$
where
$$
\beta(c_1) = \begin{cases}
\beta_1 > 0 &\text{ and } A(c_1, c_2) = 0 &...
- 8,208
Top 50 recent answers are included