On Ramsey equilibrium: capital ownership pattern and inefficiency
DOI10.1007/S00199-013-0767-XzbMATH Open1291.91152OpenAlexW2064826394MaRDI QIDQ2447154FDOQ2447154
Authors: Robert A. Becker, Ram Sewak Dubey, Tapan Mitra
Publication date: 24 April 2014
Published in: Economic Theory (Search for Journal in Brave)
Full work available at URL: https://caepr.indiana.edu/RePEc/inu/caeprp/CAEPR2012-007.pdf
Recommendations
efficiencyRamsey equilibriumshadow priceCass criteriamaximal income monotonicityperiod-three Ramsey equilibrium cycleRamsey-Euler equationweak turnpike property
Special types of economic equilibria (91B52) Special types of economic markets (including Cournot, Bertrand) (91B54)
Cites Work
- Existence of a competitive equilibrium in a one sector growth model with heterogeneous agents and irreversible investment
- Efficient Ramsey equilibria
- The Existence of Ramsey Equilibrium
- Capital Accumulation and Efficient Allocation of Resources
- A characterization of Ramsey equilibrium
- The local bifurcation of Ramsey equilibrium
- On the structure of Ramsey equilibrium: Cycles, indeterminacy, and sunspots
- Equilibrium Dynamics with Many Agents
- On Ramsey's conjecture
- CHAOTIC RAMSEY EQUILIBRIUM
- Title not available (Why is that?)
Cited In (17)
- Effects of credit limit on efficiency and welfare in a simple general equilibrium model
- Markov perfect Nash equilibria in models with a single capital stock
- Efficient Ramsey equilibria
- On Ramsey's conjecture
- On the long-run distribution of capital in the Ramsey model
- A characterization of Ramsey equilibrium
- The dynamic efficiency of the Ramsey model with endogenous labour participation rate
- Asset bubbles and efficiency in a generalized two-sector model
- On existence and bubbles of Ramsey equilibrium with borrowing constraints
- Intertemporal equilibrium with financial asset and physical capital
- A time consistent dynamic bargaining procedure in differential games with heterogeneous discounting
- On Ramsey's conjecture: efficient allocations in the neoclassical growth model with private information
- Introduction to financial frictions and debt constraints
- Ramsey equilibrium with liberal borrowing
- Strategic growth with recursive preferences: decreasing marginal impatience
- A characterization of Ramsey equilibrium in a model with limited borrowing
- On impatience, temptation and Ramsey's conjecture
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