[An Equilibrium Analysis under Cobb-Douglas Production and Utility Functions]
AbstractThe equilibrium analyses under the classical growth framework mainly concern production processes so far and the utility-maximization of consumers is left out of consideration. On the basis of the thoughts of the equilibrium analyses under the classical growth framework, some numerical examples are presented to illustrate the method of the equilibrium analysis under Cobb-Douglas production and utility functions, and the method also applies to other production and utility functions.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 23070.
Date of creation: 04 Jun 2010
Date of revision:
Equilibrium; Balanced Growth; Input Coefficient Matrix; Sraffian System; von Neumann Growth Model; Utility Function;
Find related papers by JEL classification:
- B51 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Socialist; Marxian; Sraffian
- D5 - Microeconomics - - General Equilibrium and Disequilibrium
- C67 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Input-Output Models
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- Jin Shui Zhang, 2008. "A Multi-sector Nonlinear Dynamic Input-Output Model with Human Capital," Economic Systems Research, Taylor and Francis Journals, vol. 20(2), pages 223-237.
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