On Ramsey equilibrium: capital ownership pattern and inefficiency

DOI10.1007/s00199-013-0767-xzbMath1291.91152OpenAlexW2064826394MaRDI QIDQ2447154

Robert A. Becker, Tapan Mitra, Ram Sewak Dubey

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

zbMATH Keywords

efficiencyshadow priceRamsey equilibriumCass criteriamaximal income monotonicityperiod-three Ramsey equilibrium cycleRamsey-Euler equationweak turnpike property

Mathematics Subject Classification ID

Special types of economic equilibria (91B52) Special types of economic markets (including Cournot, Bertrand) (91B54)

Related Items (11)

Intertemporal equilibrium with financial asset and physical capital ⋮ Asset bubbles and efficiency in a generalized two-sector model ⋮ 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 ⋮ Introduction to financial frictions and debt constraints ⋮ Ramsey equilibrium with liberal borrowing ⋮ On impatience, temptation and Ramsey's conjecture ⋮ On existence and bubbles of Ramsey equilibrium with borrowing constraints ⋮ A characterization of Ramsey equilibrium in a model with limited borrowing ⋮ Strategic growth with recursive preferences: decreasing marginal impatience ⋮ A time consistent dynamic bargaining procedure in differential games with heterogeneous discounting

Cites Work

• Unnamed Item
• On Ramsey's conjecture
• A characterization of Ramsey equilibrium
• The local bifurcation of Ramsey equilibrium
• On the structure of Ramsey equilibrium: Cycles, indeterminacy, and sunspots
• Existence of a competitive equilibrium in a one sector growth model with heterogeneous agents and irreversible investment
• EFFICIENT RAMSEY EQUILIBRIA
• Equilibrium Dynamics with Many Agents
• The Existence of Ramsey Equilibrium
• CHAOTIC RAMSEY EQUILIBRIUM
• Capital Accumulation and Efficient Allocation of Resources

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