Equilibrium Consumption Schedule in a Simple Model of Economic Growth.
Abstract
A consumption schedule is a rule that specifies an individual's 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.
Document Details
- Document Type
- Technical Report
- Publication Date
- May 01, 1975
- Accession Number
- ADA012086
Entities
People
- Elon Kohlberg
Organizations
- Harvard University