Publication in refereed journal
香港中文大学研究人员 ( 现职)
| 孟庆来教授 (经济学系) |
全文
| 数位物件识别号 (DOI) http://dx.doi.org/10.1016/j.jedc.2005.07.01 |
引用次数
Web of Sciencehttp://aims.cuhk.edu.hk/converis/portal/Publication/12WOS source URL
其它资讯
摘要This paper extends the neoclassical one-sector optimal growth model by postulating that individual agents' time preference (impatience) depends on the economy-wide average consumption and average income, which are social factors taken as external by individual agents. The paper shows that with the socially determined individual time preference local equilibrium indeterminacy can arise. Moreover, local indeterminacy can also be associated with global indeterminacy in many cases. The results hold in models with bounded and unbounded growth. (c) 2005 Elsevier B.V. All rights reserved.
着者Meng QL
期刊名称Journal of Economic Dynamics and Control
出版年份2006
月份http://aims.cuhk.edu.hk/converis/portal/Publication/12
日期1
卷号30
期次http://aims.cuhk.edu.hk/converis/portal/Publication/12
出版社ELSEVIER SCIENCE BV
页次2671 - 2692
国际标準期刊号0165-1889
电子国际标準期刊号1879-1743
语言英式英语
关键词externalities; indeterminacy; time preference
Web of Science 学科类别Business & Economics; Economics; ECONOMICS
