Dynamic Game Model of Endogenous Growth with Consumption Externalities
نویسندگان
چکیده
منابع مشابه
A two-sector model of endogenous growth with leisure externalities
This paper considers leisure externalities in a Lucas (1988) type model in which physical and human capital are necessary inputs in both sectors. In spite of a non-concave utility, the balanced growth path is always unique in our model which guarantees global stability for comparative-static exercises. We analyze and quantify the effects of preferences toward leisure on labor supply and welfare...
متن کاملA testable model of consumption with externalities
This paper presents a nonparametric model of interdependent preferences, where an individual’s consumption may act as an externality on the preferences of other consumers. We assume that individual price consumption data is observed for all consumers. It is known that the general consumption model with externalities imposes few restrictions on the observed data, where the consistency requiremen...
متن کاملGlobal Externalities, Endogenous Growth and Sunspot fluctuations
We consider a two-sector economy with Cobb-Douglas technologies, laboraugmenting global external effects and increasing social returns. We prove the existence of a normalized balanced growth path and we give conditions for the occurrence of sunspot fluctuations that are compatible with both types of capital intensity configuration at the private level provided the elasticity of intertemporal su...
متن کاملDuplication externalities in an endogenous growth model with physical capital, human capital, and R&D
Article history: Accepted 26 September 2010 JEL classification: O31 O33 O41
متن کاملExternalities in a life cycle model with endogenous survival☆
We study socially vs individually optimal life cycle allocations of consumption and health, when individual health care curbs own mortality but also has a spillover effect on other persons' survival. Such spillovers arise, for instance, when health care activity at aggregate level triggers improvements in treatment through learning-by-doing (positive externality) or a deterioration in the quali...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Journal of Optimization Theory and Applications
سال: 2009
ISSN: 0022-3239,1573-2878
DOI: 10.1007/s10957-009-9631-3