Multiple interior steady states in the Ramsey model with elastic labor supply

DOI10.1111/IJET.12050MaRDI QIDQ4584741zbMATH OpenOpenAlexFDO

Authors Takashi Kamihigashi

Publication date 4 September 2018

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

Full work available at URL https://www.rieb.kobe-u.ac.jp/academic/ra/dp/English/DP2014-11.pdf

zbMATH Keywords

Ramsey modelmultiple steady statesneoclassical growthelastic labor supply

Mathematics Subject Classification ID

Economic growth models (91B62)

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(6)

• Periodic solutions of the one-sector growth model: the role of income effects
• Studying a modified Ramsey model with variable production flexibility
• Cycles and chaos in the one-sector growth model with elastic labor supply
• General existence of competitive equilibrium in the growth model with an endogenous labor-leisure choice
• The Ramsey steady-state conundrum in heterogeneous-agent economies
• Ramsey equilibrium with liberal borrowing

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