Production, interest, and saving in deterministic economies with additive endowments (Q852320)
From MaRDI portal
!
This is the item page for this Wikibase entity, intended for internal use and editing purposes. Please use the normal view instead:
scientific article; zbMATH DE number 5076546
| Language | Label | Description | Also known as |
|---|---|---|---|
| default for all languages | No label defined |
||
| English | Production, interest, and saving in deterministic economies with additive endowments |
scientific article; zbMATH DE number 5076546 |
Statements
Production, interest, and saving in deterministic economies with additive endowments (English)
0 references
29 November 2006
0 references
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.
0 references
production economy
0 references
equilibria
0 references
0 references
0 references
0.7378642559051514
0 references
0.7358752489089966
0 references
0.7357267141342163
0 references
0.7316815257072449
0 references
