Monotonicity and continuity of the critical capital stock in the Dechert–Nishimura model

B-Tier
Journal: Journal of Mathematical Economics
Year: 2011
Volume: 47
Issue: 6
Pages: 677-682

Score contribution per author:

0.670 = (α=2.01 / 3 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We show that the critical capital stock of the Dechert and Nishimura (1983) model is a decreasing and continuous function of the discount factor. We also show that the critical capital stock merges with a nonzero steady state as the discount factor decreases to a certain boundary value, and that the critical capital stock converges to the minimum sustainable capital stock as the discount factor increases to another boundary value.

Technical Details

RePEc Handle
repec:eee:mateco:v:47:y:2011:i:6:p:677-682
Journal Field
Theory
Author Count
3
Added to Database
2026-01-24