Accession Number:

ADA012086

Title:

Equilibrium Consumption Schedule in a Simple Model of Economic Growth.

Descriptive Note:

Technical rept.,

Corporate Author:

HARVARD UNIV CAMBRIDGE MASS

Personal Author(s):

Report Date:

1975-05-01

Pagination or Media Count:

22.0

Abstract:

A consumption schedule is a rule that specifies an individuals consumption as a function of his endowment. A consumption schedule is an equilibrium if it is self enforcing by this is meant that each individual, given that all other individuals abide by the rule, will find it to his own best interest to also abide by the rule. Here some properties of equilibrium consumption schedules in a simple model of economic growth are studied.

Subject Categories:

  • Economics and Cost Analysis

Distribution Statement:

APPROVED FOR PUBLIC RELEASE