The dynamics of efficient intertemporal allocations with many agents, recursive preferences, and production

DOI10.1016/0022-0531(88)90006-3zbMath0662.90017OpenAlexW2014671945MaRDI QIDQ1114574

Jess Benhabib, Kazuo Nishimura, Saqib Jafarey

Publication date: 1988

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0022-0531(88)90006-3

zbMATH Keywords

steady staterecursive preferencestwo-sectorlocal behaviour of optimal pathsone-sector production

Mathematics Subject Classification ID

Economic growth models (91B62)

Related Items

Recursive utility and optimal capital accumulation. II: Sensitivity and duality theory, Dynamic equilibria with unemployment due to undernourishment, Interlinkage in the endogenous real business cycles of international economies, The local bifurcation of Ramsey equilibrium, Balanced-growth-consistent recursive utility, Delay aversion under a general class of preferences, An abstract topological approach to dynamic programming, Externalities and nonlinear discounting: Indeterminacy, Structure of Pareto optima in an infinite-horizon economy where agents have recursive preferences, Recursive utility and the Ramsey problem, The dynamics of optimal wealth distributions with recursive utility, Dynamic programming for non-additive stochastic objectives, Increasing marginal impatience and intertemporal substitution, Equilibria of a stationary economy with recursive preferences, The dynamics of risk-sensitive allocations

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