Ramsey equilibrium in a two-sector model with heterogeneous households

DOI10.1006/jeth.2001.2886zbMath1019.91032OpenAlexW2001192848MaRDI QIDQ697977

Robert A. Becker, Eugene N. Tsyganov

Publication date: 18 September 2002

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

Full work available at URL: https://doi.org/10.1006/jeth.2001.2886

zbMATH Keywords

Ramsey equilibriumtwo-sector economy models

Mathematics Subject Classification ID

Game theory (91A99) Multisectoral models in economics (91B66)

Related Items (17)

EFFICIENT RAMSEY EQUILIBRIA ⋮ Sunspot fluctuations in two-sector economies with heterogeneous agents ⋮ On the long-run fluctuations of inheritance in two-sector OLG models ⋮ Nonlinear dynamics in a business-cycle model with logistic population growth ⋮ Asset bubbles and efficiency in a generalized two-sector model ⋮ Multiple equilibria in two-sector monetary economies: an interplay between preferences and the timing for money ⋮ On ``sectoral supply functions and some critical roles for the consumptions and leisure arbitrages in the stability properties of a competitive equilibrium with heterogeneous goods ⋮ Economic growth models with heterogeneous discounting ⋮ Competitive equilibrium cycles for small discounting in discrete-time two-sector optimal growth models ⋮ Wealth distribution and output fluctuations ⋮ Strategic Ramsey equilibrium dynamics ⋮ Introduction to a general equilibrium approach to economic growth ⋮ Competitive equilibrium cycles with endogenous labor ⋮ On efficiency and local uniqueness in two-sector OLG economies ⋮ INDETERMINACY AND THE ROLE OF FACTOR SUBSTITUTABILITY ⋮ Wealth inequality, preference heterogeneity and macroeconomic volatility in two-sector economies ⋮ A discrete heterogeneous-group economic growth model with endogenous leisure time

Cites Work

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• On the long-run distribution of capital in the Ramsey model
• Sources of complex dynamics in two-sector growth models
• Competitive equilibrium cycles
• A characterization of Ramsey equilibrium
• On optimal steady states of n-sector growth models when utility is discounted
• The local bifurcation of Ramsey equilibrium
• On the structure of Ramsey equilibrium: Cycles, indeterminacy, and sunspots
• CHAOTIC RAMSEY EQUILIBRIUM
• Nonlinear Dynamics and Chaos in Optimal Growth: An Example

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