On the Euler Equation and the Transversality Condition of Overtaking Optimal Solution in Macroeconomic Dynamics
説明
In this paper, we consider the traditional capital accumulation model with continuous time, and derive the Euler equation for a necessary condition and the Euler equation with the transversality condition for a sufficient condition of overtaking (or, weakly overtaking) optimality.
収録刊行物
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- 経済研究所 Discussion Paper
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経済研究所 Discussion Paper 320 2019-09-06
中央大学経済研究所
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- CRID
- 1050566774884265472
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- 本文言語コード
- en
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- departmental bulletin paper
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- IRDB