An Experimental Test of an Optimal Growth Model
This paper describes the behavior of an experimental economy with the structure of the Ramsey-Cass-Koopmans model of optimal growth. In the model, the level of consumption and capital stock converge to an optimal steady state level, regardless of the level of initial endowment. The main question considered in this study is whether such the level of initial endowment.
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|Date of creation:||Mar 2000|
|Date of revision:|
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