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consider the baseline olg model and suppose that the equilibrium is dynamically efficient that is rlowast gt n show
consider the olg model with warm glow preferences in section 96 and suppose that preferences are given by u1cit u2bit
characterize the aggregate equilibrium dynamics and the dynamics of wealth distribution in the olg model with warm glow
consider the discrete-time perpetual youth model discussed in section 97 and assume that preferences are logarithmic
consider the continuous-time perpetual youth model of section 98a show that given l 0 1 the initial size of a cohort
generalize the analysis of the continuous-time perpetual youth model of section 98 to an economy with labor-augmenting
a derive equations 951 and 952b show that for zeta sufficiently large the steady-state equilibrium capital-labor ratio
consider the olg model with warm glow preferences in section 96 and suppose that preferences are given by ctetabt1-eta
question as a consumer taking charge of your own financial future what lessons could you take from the business
consider the model presented in section 102 and suppose that the effective discount rate r varies across individuals eg
modify the ben-porath model studied in section 103 as follows assume that the horizon is finite and suppose that phi
analyze the economy in section 106 under the closed-economy assumption show that an increase in a1 for group 1 workers
a prove proposition 101b show that the differential equation for consumption growth alternatively could have been
consider the neoclassical growth model with physical and human capital discussed in section 104a specify the consumer
introduce labor-augmenting technological progress at the rate g into the neoclassical growth model with physical and
consider the following continuous-time neoclassical growth modela define a competitive equilibrium for this economyb
consider the following continuous-time neoclassical growth modela define and characterize a competitive equilibrium for
prove that 1025 implies the existence of a relationship between physical and human capital of the form h xik where xi
verify that theorems 713 and 714 from chapter 7 can be applied to the ben-porath and lead to 1014 as necessary and
in the dixit-stiglitz model in section 1241 determine the conditions on the function u in 127 such that an increase in
this exercise asks you to work through the salop 1979 model of product differentiation which differs from the
consider the expanding variety model of section 131 and denote the bgp growth rates of consumption and total output by
the discussion in the text presumed a particular form of patent policy which provided ex post monopoly power to the
suppose that uc y c vy where vy y1-alpha1- alpha with alpha isin 0 1 suppose also that new varieties can be
formulate the household optimization problem in terms of the current-value hamiltonian and derive the necessary