The open-loop solution of the Uzawa–Lucas model of endogenous growth with N agents
نویسندگان
چکیده
منابع مشابه
The open-loop solution of the Uzawa-Lucas Model of Endogenous Growth with N agents
We solve an N ∈ N player general-sum differential game. The optimization problem considered here is based on the Uzawa Lucas model of endogenous growth. Agents have logarithmic preferences and own two capital stocks. Since the number of players is an arbitrary fixed number N ∈ N, the model’s solution is more general than the idealized concepts of the social planer’s solution with one player or ...
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ژورنال
عنوان ژورنال: Journal of Macroeconomics
سال: 2008
ISSN: 0164-0704
DOI: 10.1016/j.jmacro.2006.09.004