ON DYNAMICS WITH TIME-TO-BUILD INVESTMENT TECHNOLOGY AND NON-TIME-SEPARABLE LEISURE

被引：14

作者：

IOANNIDES, YM

TAUB, B

机构：

[1] NATL BUR ECON RES,CAMBRIDGE,MA 02138

[2] UNIV ILLINOIS,CHAMPAIGN,IL 61820

来源：

JOURNAL OF ECONOMIC DYNAMICS & CONTROL | 1992年 / 16卷 / 02期

基金：

美国国家科学基金会;

关键词：

D O I：

10.1016/0165-1889(92)90032-A

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We display a continuous-time version of the Kydland-Prescott time-to-build model and analyze its dynamic behavior, applying techniques of independent interest. We work out the local dynamics of a double Cobb-Douglas example. All key features of the model, and in particular time-to-build and non-time-separable leisure, are represented by means of simple parameters whose impact on the dynamics is examined analytically.

引用

页码：225 / 241

页数：17

共 13 条

[1]

Bellman RKL, 1963, DIFFERENTIAL DIFFERE, DOI 10.1063/1.3050672

[2]

BROCK WA, 1981, EC INFORMATION UNCER

[3] IMPLICATIONS OF ALTERNATIVE SAVING AND EXPECTATIONS HYPOTHESES FOR CHOICES OF TECHNIQUE AND PATTERNS OF GROWTH [J].