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

DOI10.1111/J.1742-7363.2011.00173.XMaRDI QIDQ4583373zbMATHOpenAlexFDO

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

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)

Recommendations

• Sustained positive consumption in a model of stochastic growth: the role of risk aversion
• Stochastic growth, conservation of capital and convergence to a positive steady state
• Stochastic optimal growth with nonconvexities
• Stochastic optimal growth model with risk sensitive preferences
• Stochastic optimal growth with risky labor supply

Cited in

(6)

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

This page was built for publication: On a safe capital stock for consumption maintenance in a convex model of stochastic growth

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q4583373)