Optimal growth and impatience : a phase diagram analysis

Please use this identifier to cite or link to this item: http://dspace.mediu.edu.my:8181/xmlui/handle/10419/18722

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DC Field	Value	Language
dc.creator	Chang, Fwu-Ranq	-
dc.date	2004	-
dc.date.accessioned	2013-10-16T07:01:00Z	-
dc.date.available	2013-10-16T07:01:00Z	-
dc.date.issued	2013-10-16	-
dc.identifier	http://hdl.handle.net/10419/18722	-
dc.identifier	ppn:477507298	-
dc.identifier.uri	http://koha.mediu.edu.my:8181/xmlui/handle/10419/18722	-
dc.description	In this paper we show that we can replace the assumption of constant discount rate in the onesector optimal growth model with the assumption of decreasing marginal impatience without losing major properties of the model. In particular, we show that the steady state exists, is unique, and has a saddle-point property. All we need is to assume that the discount function is strictly decreasing, strictly convex and has a uniformly bounded first-derivative.	-
dc.language	eng	-
dc.publisher		-
dc.relation	CESifo working papers 1359	-
dc.rights	http://www.econstor.eu/dspace/Nutzungsbedingungen	-
dc.subject	C62	-
dc.subject	C61	-
dc.subject	O41	-
dc.subject	ddc:330	-
dc.subject	recursive utility	-
dc.subject	decreasing marginal impatience	-
dc.subject	saddle point	-
dc.subject	bounded slope assumption	-
dc.subject	Optimales Wachstum	-
dc.subject	Steady-State-Wachstum	-
dc.subject	Nutzenfunktion	-
dc.subject	Abzinsung	-
dc.subject	Theorie	-
dc.title	Optimal growth and impatience : a phase diagram analysis	-
dc.type	doc-type:workingPaper	-
Appears in Collections:	EconStor

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