On a safe capital stock for consumption maintenance in a convex model of stochastic growth

DOI10.1111/J.1742-7363.2011.00173.XzbMATH Open1416.91291OpenAlexW1483041217MaRDI QIDQ4583373FDOQ4583373

Authors: Tapan Mitra, Santanu Roy 

Publication date: 28 August 2018

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

Full work available at URL: https://doi.org/10.1111/j.1742-7363.2011.00173.x

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zbMATH Keywords

stochastic growthtechnology shockcritical stocksafe standard of conservationconcave production functionpositive consumption

Mathematics Subject Classification ID

Economic growth models (91B62) Stochastic models in economics (91B70)

Cited In (6)

• Sustained positive consumption in a model of stochastic growth: the role of risk aversion
• Stochastic growth: a duality approach.
• On income fluctuations and capital gains with a convex production function
• Equilibrium consumption and precautionary savings in a stochastically growing economy
• Stochastic growth, conservation of capital and convergence to a positive steady state
• Safety first consumption

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