2024-03-29T11:40:11Z
https://nagoya.repo.nii.ac.jp/oai
oai:nagoya.repo.nii.ac.jp:00010136
2023-01-16T03:56:00Z
1076:1077:1079
Optimal Growth and Impatience: A Phase Diagram Analysis
Chang, Fwu-Ranq
open access
Solow equation
decreasing marginal impatience
saddle point
bounded slope assumption
In this paper we show that we can replace the assumption of constant discount rate in the one-sector 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 convex and has a uniformly bounded first-derivative.
名古屋大学大学院経済学研究科附属国際経済政策研究センター
2004-10
eng
departmental bulletin paper
VoR
http://hdl.handle.net/2237/11954
https://nagoya.repo.nii.ac.jp/records/10136
Economic Research Center Discussion Paper
151
https://nagoya.repo.nii.ac.jp/record/10136/files/paper151.pdf
application/pdf
269.1 kB
2018-02-20
https://nagoya.repo.nii.ac.jp/record/10136/files/comment151.pdf
application/pdf
12.9 kB
2018-02-20
https://nagoya.repo.nii.ac.jp/record/10136/files/abstract151.pdf
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11.4 kB
2018-02-20