Production, interest, and saving in deterministic economies with additive endowments
type: Item
instance of: scholarly article
title: Production, interest, and saving in deterministic economies with additive endowments
zbMATH Open document ID: 1109.91043
author: Ioannis Karatzas
author: Martin Shubik
author: William D. Sudderth
published in: Economic Theory
publication date: 2006-11-29T00:00:00Z
review text: Stationary equilibria are constructed for a series of nonstochastic production economies in which the decisions of producers, wage earners, shareholders, and savers modulate, via a ``production function'', the endowment variables in an additive fashion. The endowment variable is a known (deterministic) positive constant, the same from period to period. The efficiency of each model is compared to that of a single agent who produces for personal consumption.
reviewed by: Nikita Ratanov
Mathematics Subject Classification ID: 91B54
zbMATH DE Number: 5076546
zbMATH Keywords: production economy
zbMATH Keywords: equilibria
MaRDI profile type: Publication
full work available at URL: s00199-006-0141-3
OpenAlex ID: W2120428252
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DOI: 10.1007/S00199-006-0141-3
description: scientific article; zbMATH DE number 5076546