Strategic interactions in a one-sector growth model

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 substit...

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Main Authors:	FESSELMEYER, Eric, MIRMAN, Leonard J., SANTUGINI, Marc
Format:	text
Language:	English
Published:	Institutional Knowledge at Singapore Management University 2016
Subjects:	Capital accumulation Dynamic game Growth Investment Technical progress Growth and Development
Online Access:	https://ink.library.smu.edu.sg/cis_research/7 https://ink.library.smu.edu.sg/context/cis_research/article/1006/viewcontent/SSRN_id2298824.pdf
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Institution:	Singapore Management University
Language:	English

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spelling	sg-smu-ink.cis_research-10062022-10-21T03:18:20Z Strategic interactions in a one-sector growth model FESSELMEYER, Eric MIRMAN, Leonard J. SANTUGINI, Marc 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. 2016-06-01T07:00:00Z text application/pdf https://ink.library.smu.edu.sg/cis_research/7 info:doi/10.1007/s13235-015-0150-6 https://ink.library.smu.edu.sg/context/cis_research/article/1006/viewcontent/SSRN_id2298824.pdf http://creativecommons.org/licenses/by-nc-nd/4.0/ Research Collection College of Integrative Studies eng Institutional Knowledge at Singapore Management University Capital accumulation Dynamic game Growth Investment Technical progress Growth and Development
institution	Singapore Management University
building	SMU Libraries
continent	Asia
country	Singapore Singapore
content_provider	SMU Libraries
collection	InK@SMU
language	English
topic	Capital accumulation Dynamic game Growth Investment Technical progress Growth and Development
spellingShingle	Capital accumulation Dynamic game Growth Investment Technical progress Growth and Development FESSELMEYER, Eric MIRMAN, Leonard J. SANTUGINI, Marc Strategic interactions in a one-sector growth model
description	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.
format	text
author	FESSELMEYER, Eric MIRMAN, Leonard J. SANTUGINI, Marc
author_facet	FESSELMEYER, Eric MIRMAN, Leonard J. SANTUGINI, Marc
author_sort	FESSELMEYER, Eric
title	Strategic interactions in a one-sector growth model
title_short	Strategic interactions in a one-sector growth model
title_full	Strategic interactions in a one-sector growth model
title_fullStr	Strategic interactions in a one-sector growth model
title_full_unstemmed	Strategic interactions in a one-sector growth model
title_sort	strategic interactions in a one-sector growth model
publisher	Institutional Knowledge at Singapore Management University
publishDate	2016
url	https://ink.library.smu.edu.sg/cis_research/7 https://ink.library.smu.edu.sg/context/cis_research/article/1006/viewcontent/SSRN_id2298824.pdf
_version_	1770576346024509440

Strategic interactions in a one-sector growth model

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