[An Equilibrium Analysis under Cobb-Douglas Production and Utility Functions]
The 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.
|Date of creation:||04 Jun 2010|
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Econometric Society, vol. 44(5), pages 841-65, September.
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