Production, interest, and saving in deterministic economies with additive endowments (Q852320)
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| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Production, interest, and saving in deterministic economies with additive endowments |
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Production, interest, and saving in deterministic economies with additive endowments (English)
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29 November 2006
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Stationary equilibria are constructed for a series of nonstochastic production economies in which the decisions of producers, wage earners, shareholders, and savers modulate, via a ``production function'', the endowment variables in an additive fashion. The endowment variable is a known (deterministic) positive constant, the same from period to period. The efficiency of each model is compared to that of a single agent who produces for personal consumption.
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production economy
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equilibria
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