Strategic Interactions in a One-Sector Growth Model

نویسندگان

  • Eric Fesselmeyer
  • Leonard J. Mirman
  • Marc Santugini
چکیده

We study the effect of dynamic and investment externalities in a one-sector growth model. In our model, two agents interact strategically in the utilization of capital for consumption, savings, and investment in technical progress. We consider two types of investment choices: complements and substitutes. For each case, we derive the equilibrium and provide the corresponding stationary distribution. We then compare the equilibrium with the social planner’s solution.

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عنوان ژورنال:
  • Dynamic Games and Applications

دوره 6  شماره 

صفحات  -

تاریخ انتشار 2016