THE DYNAMICS OF COMPETITIVE-EQUILIBRIUM ALLOCATIONS WITH BORROWING CONSTRAINTS

被引：7

作者：

HERNANDEZ, A

机构：

[1] Department of Economics, University of Wisconsin, Madison

来源：

JOURNAL OF ECONOMIC THEORY | 1991年 / 55卷 / 01期

关键词：

D O I：

10.1016/0022-0531(91)90065-C

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper studies the dynamics of equilibria for a one sector production economy with heterogeneous consumers who face borrowing constraints. It is proved that equilibrium capital stock converge to the unique steady state stock provided capital income increases in the capital stock. © 1991.

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页码：180 / 191

页数：12

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